Chinese electric carmaker Nio sees deliveries drop in October

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.”