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Nio Posts Record Monthly-Deliveries In June As High Demand Overshadows Chip Shortage, Records 116% Surge

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Chinese electric vehicle maker Nio Inc (NYSE: NIO) said on Thursday deliveries more than doubled in June on a year-on-year basis, and climbed back sharply sequentially despite the ongoing global semiconductor chip shortage.  What Happened: The Shanghai-headquartered EV maker delivered 8,083 vehicles in June, up about 116% when compared with year-ago numbers, and also reported a 20.4% jump from May, when sales were hurt due to the volatile chip supplies.

...read full article on Benzinga

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