• 78
  • 9
  • Favorite

NIO Inc. Provides August 2021 Delivery Update and Prudently Adjusts Third Quarter Guidance

GlobeNewswire2021-09-01

  • NIO delivered 5,880 vehicles in August 2021, increasing by 48.3% year-over-year
  • NIO prudently adjusts the delivery outlook to the range of 22,500 to 23,500 vehicles in the third quarter of 2021, due to supply chain constraints
  • Cumulative deliveries of the ES8, ES6 and EC6 as of August 31, 2021 reached 131,408

SHANGHAI, China, Sept. 01, 2021 (GLOBE NEWSWIRE) -- NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market in China, today announced its August 2021 delivery results.

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment9

  • Jefflim
    ·2021-09-01
    Hello
    Reply
    Report
  • CKAng
    ·2021-09-01
    Buy!
    Reply
    Report
  • fann
    ·2021-09-01
    [What] 
    Reply
    Report
  • Puppet23
    ·2021-09-01
    Knn…
    Reply
    Report
  • Alanshi55
    ·2021-09-01
    Alalaka
    Reply
    Report
    Fold Replies
  • SteveGoh
    ·2021-09-01
    Like pls
    Reply
    Report
    Fold Replies
  • EVKY
    ·2021-09-01
    Its doing so much worse compared to xpeng and li auto
    Reply
    Report
  • 超群yibo
    ·2021-09-01
    Chip shortage from Msia manufacturers.
    Reply
    Report
    Fold Replies
    • 2020TS
      Its a lost to economy
      2021-09-06
      Reply
      Report
  • Bodoh
    ·2021-09-01
    Buy on the dip
    Reply
    Report
    Fold Replies
    • Alanshi55
      WhatS behind?
      2021-09-01
      Reply
      Report
    • bostonxsgp
      yea
      2021-09-01
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial