It isn’t just Nio’s share price that has shown stunning year-on-year growth, with the Chinese EV maker’s deliveries finally beginning to keep pace with its market capitalization.
Figures released today showed Nio boosted its January 2021 deliveries by 352 percent over the same introductory month last year.
The boost was Nio’s sixth consecutive monthly sales rise, topping out at 7225 deliveries, up from 7007 in December 2020.
Struggling for relevance, production and share value up until 2019, Nio’s EV trio of the EC6 coupe SUV, the ES6 SUV and the ES8 SUV have now found a cumulative 82,866 buyers.
The EC6 continued to rise, with 2845 deliveries (up from 2505 in December 2020). It also delivered 2720 ES6 models in January (up from 2493 in December), though its ES8 sales dipped from 2009 in December 2020 to 1660 in January.
Founded in 2014, Nio’s share price crossed the $10 threshold in July and it hasn’t looked back since. It’s now worth $57 for an $89 billion market capitalization.