Nio has aimed its products at the premium end of the electric car market. The figures below show that 221,970 cars were sold in 2024. Q1 seemed to indicate a slight slowing of deliveries which wasn't surprising when compared to other marques. However, it took a turn for the better in Q2 which was in contrast to the equivalent quarter of 2023. Q3 has pulled back to a more modest 12% rise and Q4 was up 45%.
Nio hasn't rushed its expansion into new markets like some Chinese brands. From what I can gather, its sales and service networks are currently Norway, Germany, the Netherlands, Sweden and Denmark. That's not a bad thing as being impatient can be counterproductive. New markets will no doubt follow.
Included in the Nio figures is the new ONVO brand. For December 20,600 Nio and 10,500 ONVO vehicles were delivered, included in the Q4 figure.
A breakdown by model sales for 2023 can be seen to the left. Crossover, SUV and passenger car are the three categories. I would have liked 2024 figures but hopefully that can be added later.
Data & picture source: Nio. The ET9 is above and the ES7 is below.
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