NIO Inc. Provides November 2019 Delivery Update

• Delivered 2,528 vehicles in November 2019, including 2,067 ES6s and 461 ES8s
  
  
• Cumulative deliveries of ES8 and ES6 reached 28,743

SHANGHAI, China, Dec. 05, 2019 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its November 2019 delivery results.

NIO delivered 2,528 vehicles in November, maintaining the strong momentum achieved in October and representing the fourth consecutive month of delivery growth. The deliveries consisted of 2,067 ES6s, the Company’s 5-seater high-performance premium electric SUV, and 461 ES8s, the Company’s 7-seater high-performance premium electric SUV and its 6-seater variant. As of November 30, 2019, aggregate deliveries of the Company’s ES6 and ES8 reached 28,743 vehicles, of which 17,395 vehicles were delivered in 2019.

“In November, we achieved another month of solid delivery results as we expanded our sales network by adding more NIO Spaces. By the end of November, NIO and our partners successfully opened 37 NIO Spaces in total. Together with 21 NIO Houses, we have expanded our sales network coverage to 41 cities,” said William Li, founder, chairman and chief executive officer of NIO. “Our strong sales performance was also attributable to the competitiveness of our ES6 among all premium electric SUVs and the passionate endorsement by our existing users. In addition, our ES8 sales started to rebound from the recent soft patch, improving more than 50% month-over-month in November. As we continue to build more cost-effective NIO Spaces and improve the performance of the existing ones, we are confident in our deliveries going forward.”

About NIO Inc.

NIO Inc. is a pioneer in China’s premium electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise. NIO designs, jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive, convenient and innovative charging solutions and other user-centric services. NIO began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019. NIO officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began the first deliveries of the ES6 in June 2019.