Autos

Nio and Xpeng deliveries fall in August as chip shortage hits

0


GUANGZHOU, China — Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese electric vehicle makers.

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.

Xpeng…



Source cnbc.com

0 0 votes
Article Rating

Sweetgreen CEO’s LinkedIn post tying Covid deaths to obesity draws backlash

Previous article

Burger King launches loyalty program nationwide as chain looks to invigorate U.S. sales

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos