NIO [NYSE: NIO] Announces March and First Quarter 2021 Delivery Update

NIO Limited [NYSE: NIO] reported the update about the vehicle’s delivery in the First Quarter of 2021 and in the month of March. NIO has gain recognition in the Chinese market as a pioneer in the smart electric vehicle market. Since its inception in 2014, its main goal is to shape an elated way of life.

Vehicle Delivery in March 2021

In March 2021, the firm has shipped 7,257 vehicles. After the shipment of 7K vehicles, the firm has attained a record-breaking performance which represented an increase of 373% YOY growth. Out of 7,275 vehicles, NIO Limited has shipped 2,576 EC6s, 1,529 ES8s, and 3,152 ES6s in the month of March 2021.

The ES8s is the 6-seater and 7-seater flagship premium smart electric SUV specifically for the Chinese market. Moreover, EC6s is the 5-seater premium smart electric coupe SUV of the firm. Lastly, ES6s is the 5-seater high-performance premium smart electric SUV of the firm.

Vehicle Delivery in Q1 2021

In the first quarter of 2021, NIO Limited has shipped 20, 060 vehicles. The delivery of 20K vehicles is representing the growth of 423% YOY. Furthermore, NIO has disclosed that it has attained the aggregated shipment of a total of 95,701 vehicles of the ES8, ES6, and EC6 as of March 31, 2021.

NIO Limited has commenced the shipment of ES8 in June 2018 and ES8 in March 2019. Additionally, it has commenced the shipment of EC6 in December 2019 and EC6 shipment in September 2020. Furthermore, the Chinese-auto manufacturer has rolled out NIO ET7 in January 2021.