Chinese electric vehicle manufacturer NIO has released its output figures for last month, May 2021. According to a press release circulated today, the company delivered 6,711 electric vehicles which reflected a massive increase of 95.3% from the corresponding month last year.
The May 2021 figure follows the projections of achieving up to 22,000 deliveries by the end of Q2, 2021 even though the company continues to grapple with the challenges of the global chip shortage. Added to the chip demand glut, are a few logistic challenges for the company that has slightly affected its growth outlook. The breakdown of the 6,711 deliveries shows that the all-new ES8s accounted for about 21%, while 45% of the deliveries were the ES6s. The EC6s accounted for the remaining 34% of the deliveries. The ES8 is NIO’s flagship premium smart electric SUV. It has both a six-seater and seven-seater model. The ES6 is a five-seater high-performance smart electric SUV, while the EC6 is a five-seater coupe SUV.
The New York Stock Exchange-listed electric vehicle manufacturer says the total cumulative deliveries of the three models have reached 109,514 as of the end of May 2021. The company hopes to overcome the logistical and chip challenges to bolster its production numbers for June to meet the Q2 target by the end of the month.
NIO is a leading Chinese manufacturer of smart Electric Vehicles. The start-up began its operations in 2014 and has continued to pursue its mission to shape a joyful lifestyle for its client in a sustainable milieu. The three EVs under its stables so far reflect the core principles of the company, as it aims to build a community of EV users, bringing joy and support to the community. NIO designs, develop, jointly manufactures, and sells impressive EVs that are innovative as well. Apart from the SUVs, NIO also manufactures the ET7, a premium electric sedan that was unveiled in January 2021.
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