Nio plans to start delivering its ET7 electric sedan in 2022.
Evelyn Cheng | CNBC
BEIJING – Chinese start-up for electric cars Nio On Thursday, more than 8,000 cars were delivered in a month for the first time.
The company shipped 8,083 vehicles in June, up from 21,896 cars in the second quarter, according to a press release. That quarterly number was at the high end of Nio’s forecast for deliveries of between 21,000 and 22,000 vehicles in the three months ended June.
Nio’s US-listed stocks are up 9% so far this year. The company has typically shipped more electric cars per month than two other US-listed electric car startups. Xpeng and Li car. Their shares have risen by around 3.7% and 21% respectively this year.
The strong performance in the second quarter came in despite a decline monthly deliveries in May from April – which the company attributed to the global semiconductor shortage.
Nio’s June figures also brought deliveries for the first half of the year to more than 41,900, almost exceeding the total number of 43,728 cars for the entire previous year.
However, the start-up’s deliveries lag far behind the industry giant Tesla, which delivered 184,800 vehicles worldwide in the first quarter alone.
The Tesla share has fallen by more than 3.5% in the year to date.