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Nio May 2022 sales constrained by Covid; XPeng, Li Auto gain ground

Nio started deliveries of its new ET7, an upscale electrical sedan, on Monday, March 28, 2022.

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Chinese electrical car maker Nio delivered greater than 7,000 autos in May, up 4.7% from a year in the past however properly under its present manufacturing capability, as Covid-related disruptions continued to restrict the company’s manufacturing and its skill to ship autos to clients.

Nio stated in an announcement that its manufacturing had been “gradually recovering” in May from pandemic-related disruptions, however that its skill to ship autos was “still constrained to a certain extent” by lockdowns and different measures imposed to restrict the unfold of latest Covid variants in some areas of China.

Nio is working with its suppliers to spice up manufacturing in June, it stated. It expects deliveries to rise as properly, as these Covid-related restrictions have begun to ease.

New orders stay sturdy, the company stated, though it did not present particular numbers.

Not all of China’s rising electrical car makers had been hit as onerous as Nio in May. Rival Xpeng stated it was in a position to ship 10,125 autos for the month, up 78% from a year in the past, because it resumed two-shift manufacturing at its manufacturing facility in mid-May.

XPeng is predicated in southern China, close to the town of Guangzhou — an space that has fared higher amid the current Covid outbreaks than the area round Hefei, the place Nio is predicated, a number of hundred miles north.

Another rival, Li Auto, stated it was in a position to ship about 11,500 autos in May, up over 160% from a year in the past, regardless of pandemic-related disruptions at its suppliers within the Yangtze River area to its west. Li Auto is predicated in Changzhou, close to Shanghai, on China’s coast.

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