Below expectation, NIO's Jan-2023 delivery declined 12% YoY and 46% MoM to 8,506 units (including 6,316 units of sedan, 965 units of ES7 SUV, and 1,225 units of NT 1.0 SUVs). We attribute the double-digit volume decline to (a) one-week holiday for the Chinese New Year, which began in mid-Jan, (b) some front-loading demand from 1Q23 to 4Q22 before the NEV cash subsidy phase-off from 1-Jan-2023. Download...
Subscribe to Darntons Premium to access this exclusive content.
Unlock with Patreon