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Nio deliveries exceed target, hit 3,268 in Q3
Reuters | 2018/10/16

Chinese electric-vehicle maker Nio Inc. said Monday it delivered 3,268 electric SUVs in the third quarter, exceeding its target of 2,900-3,000 vehicles.

While the China national holiday and planned factory maintenance will slow deliveries for October, Nio said it remains on track to achieve sales of 10,000 ES8s in the second half of 2018.

In September, deliveries of the ES8, a seven-seat high-performance electric SUV, totaled 1,766 -- a nearly 58 percent jump from the prior month, Nio said.

The company has sold 3,350 ES8s since starting deliveries June 28. Nio also said it remains on track to launch the ES6, a five-seat premium SUV, in June or July 2019.

Nio, formerly known as NextEV and backed by Chinese tech heavyweight Tencent Holdings, is one of several largely Chinese-funded EV startups betting on the benefits of local production to compete with companies such as Tesla Inc.

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