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.
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
$NIO (-3.8% pre) Nio cuts Q1 delivery forecast - SA https://t.co/JQ8B5ub7Y9
Nio $NIO cuts Q1 delivery outlook amid lackluster demand, shares down https://t.co/mSy0aZrYol https://t.co/HYRVEzgnof
Chinese EV maker Nio cuts Q1 deliveries forecast amid tepid demand https://t.co/zaUm5s4N1k https://t.co/JkM6WZj1iR
The lowered guidance means that Nio now expects March deliveries to be about 11,813 vehicles, considering that it delivered 10,055 cars in January and 8,132 in February. $NIO https://t.co/zgGucSfCKk
#BREAKING NIO CUTS 1Q DELIVERY EXPECTATION TO 30,000 VEHICLES FROM 31,000-33,000. #NIO $NIO #China #EV
$NIO Inc lowers Q1 vehicle delivery guidance from 31-33K to 30K
$TSLA faces more headwinds in China as it reduces its EV production in its Shanghai factory, according to a report from Bloomberg. https://t.co/cyf3Xopk76