A Nio ES6 car or truck is on exhibit during the 18th Guangzhou Global Car Exhibition on November 20, 2020 in Guangzhou China.
Visual China Team | Getty Illustrations or photos
GUANGZHOU, China — Nio’s deliveries of cars to customers in Oct fell sharply as source chain problems and improvements to its producing strains impacted the Chinese electric vehicle maker.
The company’s New York-detailed shares fell 4% in pre-industry trade on Monday.
Nio said it delivered 3,667 automobiles in Oct, down far more than 65% from September.
The organization said deliveries were “noticeably impacted by reduction in output volume as a consequence of the restructuring and upgrades of manufacturing traces and the preparing of new goods.”