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Chinese electric vehicle maker Nio stock jumps 2% after the company delivered more than 7,000 vehicles in May, up 4.7% from a year ago but below its current production capacity.
Source: Nio
NIO up +1.55%, XPEV up +1.32%, Pre-market trading
Nio delivered 7,024 vehicles in May 2022. The deliveries comprised 5,317 premium smart electric SUVs, including 746 ES8s, 2,936 ES6s, and 1,635 EC6s.
The total cumulative deliveries in May reached 204,936 vehicles.
Nio stated that its manufacturing had been gradually recovering in May from pandemic-related disruptions, but its ability to deliver vehicles was still constrained to a certain degree by lockdowns.
The Chinese EV maker is working with its suppliers to improve production in June and expects deliveries to rise as well.
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