On June 30, The first electric network learned from an informed source that Nextev's sales volume in June had exceeded 4,000 units.

Then the first electric network to The co-founder and President of Nextev Qin Lihong, Director of NexteV public Relations Department Wang Yan asked for confirmation. Both sides denied, Wang Yan said that the specific delivery data is based on company announcements.

Still, a Sales person in The Beijing area told First Electric that "Sales in June were up overall, and sales of THE ES8 have started to grow. Both Shanghai and Beijing have reached new highs."

Sales are expected to top 4,000 units in June

Overall, Nextev's sales volume in June is expected to reach 4,000 units, and ES8 will also resume growth.

First, the capacity of the Hefei plant can support the sales of 4,000 units.

Second, Nextev has been gaining momentum recently, with sales of both April and May above 3000 units, and sales of ES8 also reached 751 units in May.

On May 28, Li Bin, founder, chairman and CEO of Nextev, said during the first-quarter earnings call that NexteV's sales volume in the second quarter will be the first quarterly delivery record since the first delivery, reaching 9,500 to 10,000 units. Based on Sales in May, Nextev was able to reach 10,000 units in the second quarter.

However, for Nextev, the capacity is the key to the delivery data. It is understood that under a single shift, the capacity of the Hefei plant can reach 4,000 units/month, but the supply chain's limit capacity is 3,400 and 3,500 units. This means that the production capacity of Hefei factory cannot keep up with the delivery speed of Nextev due to the impact of the supply chain. Even though the monthly order volume can reach 5000, the production capacity does not support the monthly delivery of 5000.

However, since June, coVID-19 prevention and control has improved dramatically, and its impact on the automotive supply chain has been greatly reduced. In June, when the Hefei factory was at full capacity, nextev delivered 4,000 units.

In addition, Nextev has begun to increase the whole production capacity of hefei factory, and plans to increase the monthly production capacity to 4500-5000 units. According to this capacity, as long as the order can keep up, The monthly delivery of Nextev will easily break through 4000.

The ES8 is growing again

According to the insurance data released by China Auto Industry Center, the insurance number of new NexteV ES8 in May was 725 units, up nearly two times from the previous month. It returned to the top 10 of luxury medium and large SUVs with three rows of seats, ranking the eighth.

Since its delivery in May 2018, NexteV ES8 has experienced a bumpy ride in the past three years. The shadow of the recall has not gone away. The ES8, which used to average more than 1,000 units a month, is gone.

According to the official sales data released by NexteV, the delivery volume of ES8 in 2018 was 11,348 units. At its peak, the average monthly sales volume reached 2,660 units. However, sales of the ES8 have fallen sharply since the June 27 recall. Total sales in the third quarter of 2019 were just 603; As the fourth quarter of last year began to pick up, sales in the fourth quarter doubled from the previous quarter to 1,400 units. But in the case of COVID-19, there were 195 in the first quarter of this year, less than 18 times the number of ES6.

Finally, with the arrival of new models, sales of the ES8 are picking up again.

Mr. Li said on the first-quarter earnings call that the ratio of ES6 to ES8 deliveries is now three to one. In other words, one ES8 can be sold while three ES6 can be sold. The data of May also proves that 2,685 ES6 and 751 ES8 can be delivered. According to this calculation, the delivery volume of ES6 in June may reach 3000 units, and ES8 is 1000 units.