Nio says semiconductor shortages weighed on May deliveries

Chinese electric vehicle maker Nio said May deliveries rose 95% year-over-year to 6,711 vehicles. It said delivery was adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments. Based on the current production and delivery plan, Nio said it will be able to accelerate the delivery in June to make up for the delays from May as it reiterated the delivery guidance of 21,000 to 22,000 vehicles in the second quarter of 2021. XPeng , another Chinese electric vehicle maker, said it delivered a total of 5,686 vehicles in May, representing a 483% increase.

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