A Nio ES6 automobile is on show in the course of the 18th Guangzhou International Automobile Exhibition on November 20, 2020 in Guangzhou China.
Visual China Group | Getty Images
GUANGZHOU, China — Nio’s deliveries of automobiles to prospects in October fell sharply as provide chain points and modifications to its manufacturing traces impacted the Chinese electric automobile maker.
The firm’s New York-listed shares fell 4% in pre-market commerce on Monday.
Nio mentioned it delivered 3,667 autos in October, down greater than 65% from September.
The firm mentioned deliveries have been “significantly impacted by reduction in production volume as a result of the restructuring and upgrades of manufacturing lines and the preparation of new products.”