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Nio Might 2022 gross sales constrained by Covid; XPeng, Li Auto acquire floor

Nio started deliveries of its new ET7, an upscale electrical sedan, on Monday, March 28, 2022.


Chinese language electrical car maker Nio delivered greater than 7,000 autos in Might, up 4.7% from a yr in the past however effectively beneath its present manufacturing capability, as Covid-related disruptions continued to restrict the corporate’s manufacturing and its skill to ship autos to prospects.

Nio stated in a press release that its manufacturing had been “progressively recovering” in Might from pandemic-related disruptions, however that its skill to ship autos was “nonetheless constrained to a sure extent” by lockdowns and different measures imposed to restrict the unfold of latest Covid variants in some areas of China.

Nio is working with its suppliers to spice up manufacturing in June, it stated. It expects deliveries to rise as effectively, as these Covid-related restrictions have begun to ease.

New orders stay sturdy, the corporate stated, though it did not present particular numbers.

Not all of China’s rising electrical car makers have been hit as laborious as Nio in Might. Rival Xpeng stated it was capable of ship 10,125 autos for the month, up 78% from a yr in the past, because it resumed two-shift manufacturing at its manufacturing facility in mid-Might.

XPeng relies in southern China, close to town of Guangzhou — an space that has fared higher amid the current Covid outbreaks than the area round Hefei, the place Nio relies, a number of hundred miles north.

One other rival, Li Auto, stated it was capable of ship about 11,500 autos in Might, up over 160% from a yr in the past, regardless of pandemic-related disruptions at its suppliers within the Yangtze River area to its west. Li Auto relies in Changzhou, close to Shanghai, on China’s coast.

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