Chinese electric carmaker Nio sees deliveries drop in October


    A Nio ES6 vehicle is on display during the 18th Guangzhou International Automobile Exhibition on November 20, 2020 in Guangzhou China.

    Visual China Group | Getty Images

    GUANGZHOU, China — Nio’s deliveries of cars to customers in October fell sharply as supply chain issues and changes to its manufacturing lines impacted the Chinese electric vehicle maker.

    The company’s New York-listed shares fell 4% in pre-market trade on Monday.

    Nio said it delivered 3,667 vehicles in October, down more than 65% from September.

    The company said deliveries were “significantly impacted by reduction in production volume as a result of the restructuring and upgrades of manufacturing lines and the preparation of new products.”


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