Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Company

Chinese EV maker NIO extends gains on upbeat delivery outlook for Q2

June 05, 2019


Abstract : NIO Inc., a leading Chinese electric vehicle (EV) manufacturer, saw its shares reaping solid gains throughout Tuesday, after the company reported upbeat EV delivery readings for the first two months of the second quarter (Q2).

NEW YORK, June 4 (Xinhua) -- NIO Inc., a leading Chinese electric vehicle (EV) manufacturer, saw its shares reaping solid gains throughout Tuesday, after the company reported upbeat EV delivery readings for the first two months of the second quarter (Q2).

With 1,089 ES8s delivered in May, a total of 2,213 such EVs were delivered in April and May, the automaker said in a statement on Tuesday.

"With April and May deliveries completed, we now anticipate full second quarter ES8 deliveries to be near the top of, or to exceed, the company's prior guidance range of 2,800 to 3,200 quarterly deliveries," said William Li, founder, chairman and CEO of NIO.

Shares of NIO rose around 2.7 percent around market close. As of Tuesday, the New York Stock Exchange-listed firm has been valued at over 3.1 billion U.S. dollars in terms of market capitalization.

NIO began delivering the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the 6-seater ES8, in March 2019.

As of May 31, aggregate deliveries of the ES8 reached 17,550 total vehicles.

"In light of the challenging macroeconomic and Chinese auto market backdrop, our team has been working to deepen our market penetration and expand our channels," Li added.

The company also announced that the ES6, a 5-seater high-performance premium electric SUV launched in December, is on schedule to commence deliveries to users later this month.

Founded in Nov. 2014 and listed in the United States in Sept. 2018, the Shanghai-based company designs, jointly manufactures, and sells smart and connected premium EVs.

Scan the QR code and push it to your mobile phone

Keyword: EV NIO

Reading:

GBA to grow into service-oriented economy with faster industrial upgrading, report

America's Novelis to increase investment in China

China's CATL signs battery supply deal with Volvo

China's leading EV battery maker CATL posts 48 pct revenue increase

China's NEV manufacturer to offer electricity charging service

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial