Li Auto was the only company out of the three to register month-on-month growth.
Nio delivered 5,880 vehicles in August, down from 7,931 cars in July. The company also cut its third-quarter delivery forecast on Wednesday from between 23,000 to 25,000 vehicles to between 22,500 to 23,500 units. Nio blamed the “uncertainty and volatility of semiconductor supply” as the global chip shortage continues.
Nio said, however, new orders reached an all-time high in August. The company’s shares closed 0.59% lower in the U.S. on Wednesday.