![]() Shares of NIO are up by 227.72 in the last year, trading at 44. What Happened: The China-based investment. Peer Li Auto ( LI) delivered 10,422 Li ONEs in July 2022, +21% Y/Y and XPEV ( XPEV) delivered 11,524 Smart EVs in July 2022, +43% Y/Y. NIO has delivered a total of 125,528 cars as of July 31, 2021. NIO, saying it expects the Chinese electric vehicle maker to sell 98,000 cars in 2021, 5 more than its previous estimate, as per a cnEVpost report. Most deliveries were of the Nezha V, a compact SUV whose post-subsidy price starts at 83,900 yuan (12,000).The company is planning to launch a third electric vehicle brand to cover the low to mid-range market under RMB 200,000, in addition to the NIO brand, and a sub-brand codenamed ALPS. Buy NIO Stock During the Semiconductor Shortage, Before Its Breakout Nio is finding success despite unfavorable circumstances By Luke Lango and the InvestorPlace Research Staff Aug 3.Based on preliminary estimates, China's July retail sales of new energy vehicles (NEVs) are expected to be around 450,000 units, up 102.5% Y/Y, the China Passenger Car Association (CPCA) said in a report released July 22.The company has been working closely with supply chain partners as the production of the ET7 and the EC6 in July 2022 was constrained and expects to accelerate vehicle production in the following months of the third quarter of 2022.Cumulative deliveries reached 227,949 as of July 31, 2022. NIO delivered 7,931 vehicles in July 2021, representing a strong 124.5 year-over-year growth. ![]()
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