Approximately one month before XPeng announced that it had reached 200,000 cumulative EV deliveries across the life of the company, NIO hit the same milestone. It's a significant milestone that many expected the company would
One month does not tell the full story, though. NIO is based in Shanghai, which was recently hit quite hard by Covid-19 lockdowns. We’ll take a closer look at the companies’ growth over time in coming pieces, but keep in mind that not all is always as it seems on the surface — context is key.
More context: theis about to arrive, and as has always been the case in the auto industry, a hot new vehicle or even just an update to a vehicle model can dampen sales of other options from the company. Let’s check back in on NIO’s sales in the coming months.Secondly, the big take-home point is that Chinese EV startups are shining bright and growing strong. They have indeed survived, and they’re even expanding into Western automotive markets at this point — starting with Europe.
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