NIO EV Sales Continued To Grow In October 2023

In October, NIO global electric car deliveries increased by almost 60 percent year-over-year to 16,074, which is a small improvement over September . However, the numbers still appear too low to make the business profitable, as NIO's losses are estimated at around $35,000 per car. A real sales breakthrough would be needed for NIO to become profitable, it seems. The overwhelming majority of NIO sales are in China. The company is expanding its business in Europe too.

Cumulatively, NIO sold 415,6239 electric cars, which is a major milestone for the brand that launched its first model in June 2018. 2023 NIO ES6 NIO ET5 Touring Model Lineup As we noted in September, the NIO has completed its model switchover from the NT1.0 to the NT2.0 platform and all models are now NT2.0-based and refreshed.

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