Nio shares fell more than 3% in premarket trading

Tiger Newspress2021-09-01

Nio shares fell more than 3% in premarket trading.

NIO delivered 5,880 vehicles in August 2021, representing a 48.3% year-over-year growth. While the Company’s new order reached an all-time high in August driven by the increasing demand, the vehicle production, especially the manufacturing of the ES6 and EC6, was materially disrupted by supply chain constraints resulting from the COVID-19 pandemic in certain areas in China and Malaysia. The deliveries consisted of 1,738 ES8s, the Company’s six-seater or seven-seater flagship premium smart electric SUV, 2,342 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 1,800 EC6s, the Company’s five-seater premium smart electric coupe SUV. As of August 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 131,408 vehicles.

In light of the continued uncertainty and volatility of semiconductor supply, the Company prudently adjusts the vehicle production and expects to deliver approximately 22,500 to 23,500 vehicles in the third quarter of 2021, revised from the previous outlook of 23,000 to 25,000 vehicles.

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Comments

  • Tmchoo
    2021-09-02
    Tmchoo
    .
  • PhilipGoh
    2021-09-02
    PhilipGoh
    Buy buy?
  • Merlink
    2021-09-02
    Merlink
    EV has a future.
  • JCKL488
    2021-09-02
    JCKL488
    NIO is a conviction play, not for the faint hearted.Stay long and be rewarded
  • koolgal
    2021-09-02
    koolgal
    Just a temporary setback. Nio to the moon??????
    • koolgal: 
      Hard to say but definitely Tesla, followed by Nio??
    • koolgal: 
      Yes.  Definitely ??
    • gupzbajaj: 
      which others will go to the moon?
      achv ?
    • koolgal: 
      Me too. ??
    • Bodoh: 
      Praying
  • FrickL
    2021-09-02
    FrickL
    Like
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