Nio Inc (NIO)

[WebSlinger]

The delivery #s were just released.

There were VERY low. I was thinking that they would be low (because of the coronavirus shutdown), but not this low.

They also stated that they expect February to be low as well.

"Delivered 1,598 vehicles in January 2020, including 1,493 ES6s and 105 ES8s"

"NIO delivered 1,598 vehicles in January 2020, 11.5% lower than the same month last year. This decrease was primarily due to the reduction in business days in January due to the comparatively earlier Chinese New Year holiday in 2020. The extended holiday due to the unfortunate outbreak of the novel coronavirus first identified in Wuhan, China also affected our sales results. "

“Looking ahead to February, we expect a reduction in vehicle production and deliveries, compared to the months of peak sales last year, as the Chinese government postponed the return to work from Chinese New Year holiday for most businesses across the country in an effort to fight the outbreak."

https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-provides-january-2020-delivery-update