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2021-09-01

Tesla is the way to go

Chinese EV Maker Nio Cuts Output Forecast on Supply Chain Snarls

Chinese electric car maker Nio Inc.has become the latest automaker to succumb to supply chain constr

Chinese EV Maker Nio Cuts Output Forecast on Supply Chain Snarls

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Its U.S.-listed stock tumbled 4.9% in premarket trading.</p>\n<p>Shanghai-based Nio last month&nbsp;posteda narrower net loss of 587.2 million yuan ($91 million) in the three months ended June 30 and said it’s communicating with semiconductor suppliers to mitigate the impact on production from the global chip shortage.</p>\n<p>“While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,” Chief Executive Officer William Li said at the time.</p>\n<p>Nio also said Wednesday it delivered 5,880 vehicles in August, representing 48.3% year-on-year growth.</p>\n<p>But while new orders for the month reached an all-time high, vehicle production, especially for the ES6 and EC6 models, was “materially disrupted by supply chain constraints resulting from the Covid-19 pandemic in certain areas in China and Malaysia.”</p>\n<p>One particularly snarl occurred with a supplier of interior trims in Nanjing in eastern China, and that supplier has now resumed production, Nio said in a later statement, adding that it was confident about deliveries for this month.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese EV Maker Nio Cuts Output Forecast on Supply Chain Snarls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-01 19:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-01/chinese-ev-maker-nio-cuts-output-forecast-on-supply-chain-snarls><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese electric car maker Nio Inc.has become the latest automaker to succumb to supply chain constraints saying Wednesday it will trim its third-quarter delivery outlook due to “continued uncertainty...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-01/chinese-ev-maker-nio-cuts-output-forecast-on-supply-chain-snarls\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-01/chinese-ev-maker-nio-cuts-output-forecast-on-supply-chain-snarls","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123085822","content_text":"Chinese electric car maker Nio Inc.has become the latest automaker to succumb to supply chain constraints saying Wednesday it will trim its third-quarter delivery outlook due to “continued uncertainty and volatility of semiconductor supply.”\nNio now sees deliveries coming in at between 22,500 to 23,500 vehicles for the quarter ending Sept. 30, down from 23,000 to 25,000 previously. Its U.S.-listed stock tumbled 4.9% in premarket trading.\nShanghai-based Nio last month posteda narrower net loss of 587.2 million yuan ($91 million) in the three months ended June 30 and said it’s communicating with semiconductor suppliers to mitigate the impact on production from the global chip shortage.\n“While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,” Chief Executive Officer William Li said at the time.\nNio also said Wednesday it delivered 5,880 vehicles in August, representing 48.3% year-on-year growth.\nBut while new orders for the month reached an all-time high, vehicle production, especially for the ES6 and EC6 models, was “materially disrupted by supply chain constraints resulting from the Covid-19 pandemic in certain areas in China and Malaysia.”\nOne particularly snarl occurred with a supplier of interior trims in Nanjing in eastern China, and that supplier has now resumed production, Nio said in a later statement, adding that it was confident about deliveries for this month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}