Nio delivered 3,667 vehicles in October, down more than 65% from September, despite rising demand.


The company said deliveries were “significantly impacted by reduction in production volume as a result of the restructuring and upgrades of manufacturing lines and the preparation of new products.”

Nio also blamed ’supply chain volatilities” for the fall in October deliveries.

It released its first sedan, the ET7, in January and plans to begin deliveries of that car next year.

In the last few months, Nio has been impacted by the global semiconductor shortage which has hit automakers. Despite this, Nio said that its orders reached another all-time high in October due to “increasing user demand.”

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» Nio is listed on the NYSE.