NIO with strong quarter numbers and continue on growth course

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NIO with strong quarter numbers and continue on growth course-numbers

The Chinese e-auto start-up NIO has submitted its current quarterly figures. Accordingly, Nio has a total of 21 in the second quarter of 2021.896 vehicles delivered, including 4433 pieces of seven-seat SUV ES8, 9935 pieces of the five-seater SUV ES6 and 7528 pieces of its SUV coupe offshoot EC6. This corresponds to an increase of a total of 112 percent compared to the second quarter of 2020 and an increase of 9.2 percent compared to the first quarter of 2021. To 31. July 2021 reached the cumulative deliveries of ES8, ES6 and EC6 125.528 vehicles.

“We achieved a record quarterly delivery in the second quarter of 2021,” said William Bin Li, Founder, Chairman and Chief Executive Officer of NIO on the occasion of the publication of the current business figures. “While the global supply chain is still confronted with uncertainties, we worked closely with our partners to increase the entire production capacity,” says Nio boss. Encouraged by the growing user demand, the manufacturer also continues to expand its loading and battery replacement network to increase its service and sales coverage and, above all, to accelerate its product and technology development.

For the third quarter of 2021, the company expects between 23.000 and 25.To be able to deliver vehicles, which would apply to an increase of about 89 percent to 105 percent compared to the same quarter 2020 and an increase of about 5 percent to 14 percent compared to the second quarter 2021

The production volume should be on 240.000 rise

In the second quarter of 2021, vehicle sales amounted to converted 1.05 billion euros, which corresponds to an increase of 127 percent compared to the second quarter 2020 and an increase of 6.8 percent compared to the first quarter of 2021. According to Nio, the vehicle margin was 20.3 percent, compared to 9.7 percent in the second quarter of 2020 and 21.2 percent in the first quarter 2021. Total sales in the second quarter of 2021 amounted to $ 1.12 billion, which corresponds to an increase of 127 percent compared to the second quarter of 2020 and an increase of 5.8 percent compared to the first quarter of 2021.

The gross profit of the second quarter NIO estimates with converted 208 million euros, which corresponds to an increase of 403 percent compared to the second quarter 2020 and an increase of 1.2 percent compared to the first quarter 2021. The gross margin amounted to 18.6 percent, compared to 8.4 percent in the second quarter 2020 and 19.5 percent in the first quarter 2021. Accordingly, the loss of operational business was converted 102 million euros in the second quarter of 2021, which corresponds to a decline of 34 percent compared to the second quarter of 2020 and an increase of 158 percent compared to the first quarter of 2021. Cash and cash equivalents, limited cash and short-term investments amounted to the 30. June 2021 on converted 6.4 billion euros.

In May 2021, NIO renewed his manufacturing arrangements with the Jianghuai Automobile Group (JAC) and Jianglai Advanced Manufacturing Technology (JIANGLAI) for the joint production of Nio electric cars. According to the new agreements, Jac from May 2021 to May 2024 continues to manufacture the ES8, ES6 and EC6 models as well as the Sedan ET7, which should be up to 1000 kilometers reach and appearing 2022. In addition, Nio announced two more models for the coming year, which should also be manufactured by Jac. Jac will soon become its annual production capacity to 240.Expand 000 units to meet the growing demand for NIO vehicles, it continues to say.

NIO still wants to be responsible for vehicle development and technology, supply chain management, manufacturing techniques and quality management and quality assurance. Jianglai in turn is responsible for the part-day and operational management.

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2 thoughts on “NIO with strong quarter numbers and continue on growth course”

  1. These numbers would have to drive all the old burners OEMs – not only in Germany – tears – the tears.
    Greta would say again “I Want You to Panic”
    But everyone who has not really understood exponential growth still believes to a time window up to 2030 – RIP &# 128578;

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  2. A beautiful vehicle and certainly technologically ahead of the Europeans, but: built in a state capitalist, communist dictatorship that trimming human rights with feet, the resources of foreign countries appropriates themselves in economic dependence and strive for the world domination in the worst colonialistic manner. Then I prefer to buy an e-vehicle that has been manufactured in a democratic country – well-known for the unfortunately given global supply chains, which unfortunately takes care of a dirt at the conditions in the countries of origin! Just as it has to play a role in imports in the future, whether climate-neutral were produced (otherwise they must be occupied with appropriate climate customs duties) must also play a role in the preservation of human rights! Otherwise, such countries of all profitgiers must be excluded despite trade within the civilized countries! It would be too nice if I’m still experiencing this ..

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