NIO Inc (NYSE:NIO), Bellway PLC (OTC:BMWYY) - Nio To Announce Norwegian Market Plans Thursday: What We Know So Far
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Nio To Announce Norwegian Market Plans Thursday: What We Know So Far
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Without naming the factory, Nio s Chairman William Li said during an earnings conference call he expects the negative impact of the fire to hit the auto supply chain in mid-May. The industry generally expects the shortage will reach a turning point in the third quarter, Li said.
For now, Nio had to halt production for five working days around the end of March, which will affect vehicle deliveries for April, Li said.
The start-up forecast second-quarter deliveries of between 21,000 and 22,000 vehicles, for growth of 5% to 10% from the first three months of the year. That s a significant quarter-on-quarter slowdown from growth of 16% in the first quarter, and 42% in the fourth quarter.