Nio Achieves 20,000 Deliveries for Third-Gen ES8 SUV in Just 70 Days
Nio Inc. has announced the delivery of its 20,000th unit of the third-generation ES8 SUV just two months after launching the model on September 21, marking a significant milestone in China's electric vehicle market.Key TakeawaysNio delivered its 20,000th unit of the third-generation ES8 SUV within 70 days of launch.The company aims to deliver about 20,000 more units in December to meet a target of 40,000 deliveries for the year.Nio expects its fourth-quarter vehicle margin to rise to approximately 18 percent due to increased ES8 deliveries.The third-generation ES8 is one of Nio's most expensive models, with a starting price of RMB 406,800 ($57,500) including the battery pack. Despite its high cost, the vehicle has been in high demand since its launch, with all production capacity for Decem...