The company set a new record for monthly and quarterly deliveries
- 31,138 vehicles delivered in December 2024, an increase of 72.9% year-on-year
- 72,689 vehicles were delivered in the three months to December 2024, an increase of 45.2% year-on-year.
- 221,970 vehicles were delivered in 2024 in total, an increase of 38.7% year-on-year
- Cumulative deliveries reached 671,564 as of December 31, 2024
Shanghai, China, January 01, 2025 (GLOBE NEWSWIRE) – New Company (New York Stock Exchange:). (NYSE: NIO; HKEX: 9866; SGX: NIO) (NIO or the Company), a pioneer and leader in the global smart electric vehicle market, today announced its December, fourth-quarter and full-year 2024 delivery results.
The company delivered 31,138 vehicles in December 2024, a new monthly high representing a 72.9% year-over-year increase. The deliveries consisted of 20,610 vehicles from the premium smart electric vehicle brand NIO, and 10,528 vehicles from the company's family-oriented smart electric vehicle brand ONVO. The company delivered 72,689 vehicles in the fourth quarter of 2024, a new quarterly record, representing a 45.2% increase year over year. For the full year 2024, the company delivered 221,970 vehicles, reflecting a 38.7% year-on-year increase. Cumulative deliveries reached 671,564 as of December 31, 2024.
On NIO Day 2024, NIO ET9, the smart electric executive flagship, was officially launched. ET9 integrates NIO's full technological capabilities in 12 areas, providing leading user experiences in design, space, comfort, audio, intelligent systems, intelligent and assisted driving, safety, powertrain, and overall driving and riding performance. Deliveries of the ET9 are expected to begin in March 2025.
During this event, Firefly, our small, smart and cutting-edge electric vehicle brand, was officially launched. Building on NIO's R&D expertise, design capabilities, safety standards and intelligent technologies, Firefly embodies the brand's DNA of being lively, thoughtful and tough. Inspired by the spirit of freedom to glow, Firefly aims to provide global users with a lively driving experience and a solid, thoughtfully designed living space. The official launch of the Firefly model is expected in April 2025.
About New Company
NIO Inc. It is a pioneer and leader in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future through its Blue Sky Coming mission. NIO envisions itself as a user enterprise where innovative technology meets premium expertise. NIO designs, develops, manufactures and sells intelligent electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a shared growth community. NIO offers premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles under the ONVO brand, and high-end smart electric minivans under the FIREFLY brand.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as will, expects, expects, goals, future. , intends, plans, believes, estimates, is likely to and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports filed with the SEC, in its annual report to shareholders, in announcements, circulars or other publications published on the websites of each of the NIOs. Hong Kong Stock Exchange Limited (SEHK) and Singapore Stock Exchange (OTC:) Securities Trading Limited (SGX-ST), in press releases and other written materials and in oral statements made by officers, directors or employees to third parties. Statements that are not historical facts, including statements regarding NIO's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those expressed in any forward-looking statement, including but not limited to the following: NIO's strategies; NIO's future business development, financial condition and results of operations; NIO's ability to develop and manufacture vehicles of sufficient quality and customer attractiveness on schedule and at scale; its ability to secure and expand manufacturing capabilities, including establishing and maintaining partnerships with third parties; Its ability to provide convenient and comprehensive energy solutions to its customers; the viability, growth potential and prospects of its battery swapping, BaaS, NIO powered, smart driving and subscription services; its ability to improve technologies or develop alternative technologies to meet evolving market demand and industry development; NIO's ability to meet mandatory safety standards related to motor vehicles; its ability to secure supplies of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales for its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; General economic and business conditions globally and in China and the assumptions underlying or related to any of the foregoing. More information regarding these and other risks is included in NIO's filings with the SEC, announcements and filings on the websites of SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO undertakes no obligation to update any forward-looking statement, except as required by applicable law.
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Source: New Company
