• 04.09.2024

TOP AUTO NEWS

Auto news from China

NIO’s November Sales Report: Delivering Impressive Growth and Expanding Product Matrix

Dec 1, 2023

On December 1st, NIO announced its sales report for November. According to official data, NIO delivered a total of 15,959 new cars in November, an increase of 12.6% year-on-year; from January to November 2023, NIO delivered a total of 142,026 new cars, an increase of 33.1% year-on-year. As of now, NIO has delivered a total of 431,582 new cars.

NIO's November Sales Report: Delivering Impressive Growth and Expanding Product Matrix

Currently, NIO has officially entered a strong product cycle, with 8 second-generation technology platform models forming a relatively complete product matrix, which can fully meet the diverse needs of users in the price range of 300,000 to 600,000. According to NIO, in the past five years, NIO’s investment in R&D has exceeded 30 billion yuan, making it the new force with the highest R&D investment. After partnering with Changan and Geely, NIO’s five-year deep cultivation of battery swapping business will also usher in a new turning point. Looking at the market, it can be expected that NIO should deliver a very impressive sales performance in 2023.