It is encouraging to see sales of its larger ES8 electric SUV picking up after a total redesign of the car since last year. Nio stabilized itself with backing from the state just in time to launch a new, even more affordable vehicle in the EC6 that could put it on the path to profitability — something that was barely on the horizon six months ago. Both numbers are better than analysts expected. NIO. You can’t sell what you don’t have, or as sales professionals like to say, “You can’t sell from an empty wagon.”NIO has announced that things are definitely looking up. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. NIO (NYSE: NIO) Reports 3,533 Deliveries for the Month of July Finally, the EV manufacturer reported -$0.16 in EPS, beating consensus expectations by $0.1.

Sign up for the GlobeNewswire. Where NIO is bragging about moving 3,436 cars in May, NIO has struggled lately but seems set to survive the turbulence in the Chinese EV market. NIO (ticker: NIO) lost about 16 cents a share—NIO reports figures in Chinese currency—from roughly $526 million in sales.

NIO Inc. Fourth Quarter and Full Year 2019 Financial Results 111.7 KB. A second model called ES6 was launched in 2019. That partner ultimately arrived in early 2020, when Nio Without the deal, though, it’s unclear if Nio would have survived. Buoyed by a return to strong automotive sales in China, a successful rollout of the updated version of its first electric SUV, and a recent $1 billion investment from local government entities, the startup now appears to be on its most solid footing since late 2018.Nio, which is backed by Tencent, has found that footing at a pivotal moment.

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InsideEVs: USA / Global It has a new product coming soon, its EC6 midsize crossover/coupe, which will be priced below the ES6 and hopefully boost the company’s total sales.CleanTechnica is the #1 cleantech-focused news & analysis website in the US & the world, focusing primarily on electric cars, solar energy, wind energy, & energy storage.The content produced by this site is for entertainment purposes only. 2018. And it will likely need as much help as it can get to compete in China. “In June, we achieved a historical high of monthly deliveries, contributing to our best quarterly performance. Share .

While the pandemic helped put a number of other startups in danger of going out of business around the world — including some seen as potential frontrunners, Nio currently sells two electric vehicles: the ES6, a smaller SUV that starts at around $52,000, and the revamped version of the ES8, a larger SUV that starts at around $67,000. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.