Tag: chip shortage

Nio delivering 8,000 vehicles in June despite chip shortage
Automobiles, Electric Vehicles

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 — whi...