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2021-06-08

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Nio Says Dip Seen In May Deliveries Wasn't Due To Chip Shortage

Chinese electric vehicle maker Nio Inc. said that the slight sequential decline in its deliveries fo

Nio Says Dip Seen In May Deliveries Wasn't Due To Chip Shortage

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Nio’s May sales surged 95.3% on a year-over-year basis.</p><p>The STA made the change in the auto invoice rules as previous rules for issuing car invoices may have enabled automakers or dealers to exploit loopholes and create false invoices, according to the report.</p><p>Qin reportedly said that the change delayed Nio’s average delivery time by four days. Excluding invoicing, the company would have been able to go from order receipt to delivery in a little more than two weeks.</p><p><b>Why It Matters:</b>May marked the third straight month of decline in terms of deliveries so far this year for Nio.</p><p>Nio had said that its May delivery numbers were adversely hurt for several days due to the volatile semiconductor supply and “certain logistical adjustments,” but had not specified what those adjustments were.</p><p><b>Price Action</b>: Nio shares closed almost 4.2% higher in Monday’s regular trading session at $43.68, but declined 0.3% in the after-hours session to $43.53.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Says Dip Seen In May Deliveries Wasn't Due To Chip Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Nio’s May sales surged 95.3% on a year-over-year basis.The STA made the change in the auto invoice rules as previous rules for issuing car invoices may have enabled automakers or dealers to exploit loopholes and create false invoices, according to the report.Qin reportedly said that the change delayed Nio’s average delivery time by four days. 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