Nio cuts sales forecast due to chip supply shortage

Xpeng's P7 sedan at the Guangzhou auto show on Nov. 22, 2019. (REUTERS\/Yilei Sun/REUTERS)

By:

Reuters

September 01, 2021 12:08 PM

BEIJING -- Chinese electric vehicle maker Nio Inc. on Wednesday cut its delivery forecast for the third quarter this year due to uncertain and volatile semiconductor supplies.

Featured Stories

U.S. vibe shift: 5 takeaways from January’s mixed EV registration numbers

Murky math: As auto parts cross borders, a bookkeeping nightmare unfolds

Amid tariff uncertainty, Bollinger Motors restructures, names new CEO

Dealership service scores high in latest J.D. Power study as Porsche, Subaru lead brands

Latest News

GM CEO Mary Barra met with Trump on March 12 amid tariff fight

Daily 5 report for March 13: J.D. Power study suggests happy dealers make for happy customers

U.S. vibe shift: 5 takeaways from January’s mixed EV registration numbers

Next-gen Mercedes CLA sedan goes electric at launch

Staying current is easy with newsletters delivered straight to your inbox.

See More in China

New-car sales edge up 1.2% through February

Vehicle shipments rise 13% in first 2 months behind EV demand

China auto tech suppliers say trade barriers won’t stop growth

Chinese auto interiors supplier agrees to offload European business for 1 euro

Staying current is easy with newsletters delivered straight to your inbox.