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Nio October deliveries breakdown: ES8 falls to year-to-date low, still lead company sales

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Nio October deliveries breakdown: ES8 falls to year-to-date low, still lead company sales

Nio Inc's (NYSE: NIO) ES8 delivered 8,738 vehicles in October, ending a 3-month streak above 10,000, though the large electric SUV remained the company's best-selling model.

ES8 deliveries rose 30.11% year-on-year but fell 17.14% from September to their lowest level this year, according to China Passenger Car Association (CPCA) data compiled by CnEVPost.

The flagship ES9 SUV delivered 6,714 vehicles, down 12.87% from September, ending 2 consecutive months of sequential growth.

The ES8 and ES9 together delivered 15,452 vehicles in October, accounting for 85.25% of Nio's main-brand deliveries, little changed from 85.62% in September. The figures show that the brand's sales remain heavily concentrated in these 2 large SUVs.

The Nio main brand delivered 18,125 vehicles in October, up 5.73% year-on-year but down 14.98% from September, marking its lowest level since February.

In the first 10 months of this year, the ES8 delivered 119,232 vehicles, accounting for 59.58% of the main brand's total. The ES9 has delivered 38,917 vehicles since deliveries began in May, with the 2 models together contributing 79.03% of the main brand's year-to-date deliveries.

The third-generation ES8 went on sale in September last year, added a 5-seat variant in July this year, and reached the milestone of 160,000 cumulative deliveries on October 23.

Nio plans to launch a special edition of the ES8 at the Guangzhou Auto Show, which opens on November 27, Auto Home reported on November 3. Pricing and specifications have yet to be disclosed.

82% from 3,066 in September.



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