Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions for the resurgence of Covid in China as well as weaker consumer demand due to a difficult economic environment in the country.
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Here are the August delivery numbers for the three companies:
- Li Auto: Delivered 4,571 vehicles in August, down 56% versus July’s number of 10,422 cars. That…