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International

Carmaker lowers delivery guidance due to COVID-related disruption

December 28, 2022 Reprints

China-based electric carmaker Nio Inc. has lowered its delivery guidance for the fourth quarter of the year, citing supply-chain disruptions stemming from COVID-19 outbreaks in major cities, CNBC reports. Nio expects to deliver between 38,500 to 39,500 electric vehicles in the quarter, down from its initial estimate of 43,000 to 48,000 vehicles.

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Carmaker lowers delivery guidance due to COVID-related disruption

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