NIO ES8 Electric SUV Sales In China Increased In March

NIO ES8 sales rebound after a weak February

Sales of the NIO ES8 7-seat all-electric SUV in China increased in March a little bit to 1,373. In this way, the first quarter closed with 3,989 deliveries (slightly above guidance of 3,500-3,800).

The question is whether NIO will be able to consistently improve its result after the first honeymoon period and fulfilling a backlog of orders in 2018? The new NIO ES6 is coming this summer, while ES8 has been recently introduced in a new six-seat version.

Anyway, the cumulative deliveries of ES8 reached 15,337.

“1,373 ES8s were delivered in March, a 69.3% increase over February deliveries of 811, which were negatively impacted by the slow down surrounding the Chinese New Year holiday and the related closures of automobile license plate registration offices. The Company delivered 1,805 ES8s in January, 811 in February and 1,373 in March, bringing the total deliveries of ES8s to 3,989 in the first quarter 2019. First quarter ES8 deliveries exceeded the Company’s prior guidance range of 3,500 to 3,800, and were above the midpoint of the guidance range, 3,650, by 339 vehicles, or 9.3%.”

NIO ES8 sales in China – March 2019

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Author: Mark Kane

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