NIO delivered its 10,000th flagship ES9 SUV on June 26, reaching the milestone in a record 30 days. This sets a new speed record for high-end electric SUVs in its price class in China. The model is a primary driver for the company’s goal to reach profitability by 2026.
Deutsche Bank data shows NIO’s weekly orders surged 195% year-over-year. Recent two-week order volume for the automaker surpassed Tesla in the Chinese market.
NIO must increase June deliveries by 14% to 27% over May levels to meet second-quarter guidance. CEO William Li projected that new-energy vehicles will exceed 90% of China’s market by 2030.