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U.S.-listed Chinese electric vehicle maker Nio Inc (NYSE: NIO) deliveries more than doubled in the month of July on a year-on-year basis but fell short of homegrown peers Xpeng Inc (NYSE: XPEV) and Li Auto (NASDAQ: LI). What Happened: The Shanghai-headquartered EV maker delivered 7,931 vehicles in July, up about 124.5% when compared with the year-ago number but a 1.8% decline from June, when sales picked up pace sharply sequentially despite the ongoing global semiconductor shortage.
...read full article on Benzinga
