Nio Global Sales : Q1 - Q3 2024

Nio has aimed its products at the premium end of the electric car market. The figures below show that 149,281 cars were sold in the first three quarters of 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.

The -7% to the right is nine months compared to twelve in 2023. Deliveries have so far grown 36% in 2024. 

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. 

Right hand drive is coming so 2025 seems to be the year that area of the global market will be addressed. Also, the ONVO brand has just been launched, adding 832 units to the 149,000 total. 

A breakdown by model sales for 2023 can be seen to the left. Crossover, SUV and passenger car are the three categories.

To see 2020 to 2023 sales, simply click here or put Nio in the search box.

Data & picture source: Nio. The ET9 is above and the ES7 is below.