Chinese EV maker Nio cut sales forecast due to chip supply shortage

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BEIJING : Chinese electric vehicle (EV) maker Nio Inc on Wednesday cut its delivery forecast for the third quarter this year due to uncertain and volatile semiconductor supplies.Nio cut its delivery forecast for the third quarter to around 22,500 to 23,500 vehicles from a previous 23,000-25,000 vehicles.

BEIJING : Chinese electric vehicle maker Nio Inc on Wednesday cut its delivery forecast for the third quarter this year due to uncertain and volatile semiconductor supplies.

Li Auto Inc, which sells extended-range electric vehicles, said it sold 9,433 vehicles last month, up 248per cent from a year earlier. It targets 10,000 units monthly sales in September.

 

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