Nio’s deliveries fell due to chip shortage

By: Miguel A. Rodriguez

17:43, 01 June 2021

The global chip shortage continues to have an impact on businesses. The Chinese electric car company is the latest to report the shortage’s impact

Nio – Tesla’s Chinese competitor – revealed that deliveries slide in May as they deal with a semiconductor shortage. Last month, the company delivered 6,711 vehicles, marking a 95.3% increase year-on-year but a 5% decrease from April’s figures. As of May 31, a total of Nio’s three models – the ES8, ES6, and EC6 - reached 109,514 units.

“In May, the Company’s vehicle delivery was adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments,” Nio’s officials stated.

With respect to guidance, Nio reiterated the previous forecast of its delivery guidance of 21,000 – 22,000 vehicles in the second quarter of the year. “Based on the current production and delivery plan, the Company will be able to accelerate the delivery in June to make up for the delays from May,” continued the statement.

After the news, Nio stock price was up 2.8%.


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.