By Klavs Valters
NIO reported its latest delivery numbers for last month before the opening bell on Wednesday. The ”Chinese Tesla” delivered a total of 5,880 vehicles in August – a 48.3% year-on-year increase.
NIO is a Chinese car manufacturer founded in 2014 by William Li, a Chinese business executive, and entrepreneur. Its headquarters are based in Shanghai, China. It also has international offices in the United States, Germany, and the United Kingdom. It employs around 4,000 people worldwide.
August delivery numbers
The deliveries in August consisted of:
NIO has delivered a total of 131,408 cars as of 31st August 2021.
The company revised its delivery outlook for Q3 from 22,500 to 23,500 vehicles due to the ongoing supply chain constraints which has hit the electric car industry.
Share price of NIO was little changed during the trading day on Wednesday, trading at around $39 per share. The stock is up by around 95% in the past year.
NIO Inc. Chart (1Y)
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Sources: NIO, TradingView
By Klavs Valters
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