On Thursday afternoon, shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower. Prior throughout the day, the firm shared a few good news — a technology tipping point — but its offerings were trapped in a sell-off of internal combustion shares that would have been motivated by financial expert worries over an ongoing shortage of automotive microelectronics. It was 1:30 p.m. EDT, NIO’s Bank deposit offers were down about 5.9 percent from the previous day’s close price. On Wednesday, nyse nio at https://www.webull.com/quote/nyse-nio Michael Canister Li shared both positive and bad news at an event commemorating the production of NIO’s 100,000th car.
The good news is that NIO now has the ability to build 10,000 of its high-end vehicles every month. This is a significant breakthrough, but it comes with a catch: NIO is limiting production to 7,500 cars per month for the time being, as car semiconductors and battery cells are in short supply due to global shortages. That’s the bad news, and it’s possible that’s why NIO and other EV stocks were dropping on Thursday night.
On Wednesday afternoon, the 100,000th NIO, a blue ES8 SUV, rolled off the assembly line at NIO’s manufacturing partner JAC’s plant in Hefei, Anhui territory. In interviews to experts and the media, Li revealed that the first vehicle produced on that line in May 2018 was also an ES8 – but the new versions have that much development and a considerably longer range. So, right now? Thus according to Chinese electromagnetic news site nyse nio, Li told journalists at the event on Monday night that he expects the semiconductor shortage to be a simple terms problem, impacting NIO’s production in the coming quarters but possibly easing after the middle of the last year.
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