Mar 27, 10:50 AM

Chinese EV Makers $TSLA and $NIO Face Challenges in China with Reduced Production and Lowered Q1 Delivery Forecast

Chinese electric vehicle companies $TSLA and $NIO are facing challenges in China. $TSLA is reducing EV production in its Shanghai factory, while $NIO has lowered its Q1 vehicle delivery guidance from 31-33K to 30K due to tepid demand. Nio now expects March deliveries to be about 11,813 vehicles.

#China #Shanghai #Nio

Written with ChatGPT (GPT-3).

Sources

TipRanks@TipRanks
2 years ago
Shares of Nio $NIO are falling after they trimmed their vehicle delivery outlook for the first quarter amid tepid demand. They now expect to deliver around 30,000 vehicles in Q1 2024, down from its previous forecast of 31,000 to 33,000 units. #stocks https://t.co/tmjp8Ap08j
Open Outcrier@OpenOutcrier
2 years ago
$NIO (-3.8% pre) Nio cuts Q1 delivery forecast - SA https://t.co/JQ8B5ub7Y9
Streetinsider.com@Street_Insider
2 years ago
Nio $NIO cuts Q1 delivery outlook amid lackluster demand, shares down https://t.co/mSy0aZrYol https://t.co/HYRVEzgnof

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Chinese EV Makers $TSLA and $NIO Face Challenges in China with Reduced Production and Lowered Q1 Delivery Forecast

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