Nio May 2022 sales constrained by Covid; XPeng, Li Auto gain ground

Chinese electric auto maker Nio delivered a lot more than 7,000 cars in May possibly, up 4.7% from a yr back but very well beneath its current generation capability, as Covid-relevant disruptions ongoing to restrict the firm’s producing and its means to produce autos to buyers.

Nio claimed in a statement that its production had been “progressively recovering” in May well from pandemic-linked disruptions, but that its capacity to provide cars was “continue to constrained to a specific extent” by lockdowns and other actions imposed to restrict the unfold of new Covid variants in some regions of China.

Nio is functioning with its suppliers to improve output in June, it reported. It expects deliveries to increase as effectively, as those people Covid-related constraints have begun to ease.

New orders keep on being potent, the company said, while it didn’t deliver unique quantities.

Not all of China’s rising electric car makers had been hit as difficult as Nio in May. Rival Xpeng claimed it was ready to supply 10,125 autos for the thirty day period, up 78% from a yr back, as it resumed two-change creation at its manufacturing unit in mid-May.

XPeng is centered in southern China, near the metropolis of Guangzhou — an region that has fared much better amid the current Covid outbreaks than the location all-around Hefei, wherever Nio is dependent, numerous hundred miles north.

A further rival, Li Vehicle, stated it was in a position to produce about 11,500 automobiles in May, up about 160% from a calendar year in the past, regardless of pandemic-connected disruptions at its suppliers in the Yangtze River region to its west. Li Vehicle is centered in Changzhou, in close proximity to Shanghai, on China’s coastline.