Nio delivering 8,000 vehicles in June despite chip shortage

Chinese electric car start-up Nio said Thursday that it delivered more than 8,000 cars in one month for the first time.

The company delivered 8,083 vehicles in June. This brings the second-quarter total to 21,896 cars according to a release. That quarterly figure came in on the high end of Nio’s forecast for deliveries of between 21,000 and 22,000 vehicles in the three months ended June.

Nio’s U.S.-listed shares are up 9% so far this year. The company has typically delivered more electric cars a month than two other U.S.-listed electric car start-ups, Xpeng and Li Auto. Their shares are up about 3.7% and 21%, respectively, so far this year.

The strong second-quarter performance came despite a decline in monthly deliveries in May from April — which the company had attributed to the global semiconductor shortage.

Nio’s June figures also brought deliveries for the first half of the year to more than 41,900. This means Nio is close to beating the total for all of last year’s deliveries of 43,728 cars.

We Go Electric’s take:
As big fans of Nio we are excited that they were beating their deliveries. Nio is on the way to a very successful 2021. We are looking forward to sharing more news about them in the future.

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