After several disappointing quarters, Chinese EV maker Nio’s sales surge

After several disappointing quarters, Chinese EV maker Nio’s sales surge

5 years ago
Anonymous $JavybBYWR5

https://techcrunch.com/2019/10/08/after-several-disappointing-quarters-chinese-ev-maker-nios-sales-surge/

Nio delivered 4,799 vehicles in the third quarter, a 35.1% surge in sales and a positive development for the Chinese electric automaker that has been plagued by cost overruns, a voluntary battery recall and macroeconomic conditions such as declining passenger vehicle sales and reduced EV subsidies.

The company said Tuesday it also exceeded the middle point of its guidance range by 499 vehicles, or 11.6%.