NIO's May deliveries grow YoY, MoM

Shanghai (Gasgoo)-NIO delivered 7,024 vehicles in May 2022, the company announced today, posting a year-on-year increase of 4.7% and a month-on-month jump of 38.4%.

The deliveries consisted of 5,317 SUVs, including 746 ES8s, 2,936 ES6s and 1,635 EC6s, as well as 1,707 ET7 sedans. As of May 31, 2022, the startup's cumulative deliveries had reached 204,936 vehicles, 37,866 units of which were delivered this year.

NIO said its vehicle production had been gradually recovering from the impact of the COVID-19 resurgence and planned to further ramp up the production capacity to a higher level by working closely with supply chain partners. The company added it would accelerate the delivery recovery starting from June.

As of May 2022, NIO's users in China have driven over 5 billion kilometers in total. The NIO Pilot has supported its users in driving for over 418 million kilometers, among which the cumulative distance of Navigate on Pilot ("NOP") exceeded 157 million kilometers.

Last month, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code "NIO", becoming the first auto company listed on three Exchanges, which are in New York, Hong Kong, and Singapore respectively.

In the same month, NIO claimed it would be included in the Hang Seng TECH Index as a constituent stock, effective June 13, 2022.