NIO lowered car delivery guidance in Q4
NIO lowered car delivery guidance in Q4

NIO lowered car delivery guidance in Q4

 

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NIO has lowered its guidance for fourth-quarter deliveries citing challenges caused by the Covid outbreak.

The carmaker now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from its previously issued guidance of 43,000-48,000.

Considering that NIO delivered 10,059 and 14,178 units in October and November, respectively, the latest guidance means it expects December deliveries to be 14,263-15,263 units, still a record high.

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