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China Tesla Rival Nio Sees Deliveries Fall in May as Chip Shortage Bites


Global automotive players have also been dealing with a semiconductor shortage which has impacted their business.
Nio delivered 6,711 vehicles in May, a 95.3% year-on-year. However, that was a 5% decrease from April.
In May, the Company s vehicle delivery was adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments, Nio said in a statement.
Based on the current production and delivery plan, the Company will be able to accelerate the delivery in June to make up for the delays from May, the statement said, adding that it reiterates its delivery guidance of 21,000 to 22,000 vehicles in the second quarter of the year. ....

Brian Gu , Xpeng Motors , China Economy , Electric Vehicles , Nio Inc , Sustainable Future , Tesla Inc , Xpeng Inc , பிரையன் கு , ஐயொ இன்க் ,

Chinese Electric Car Company Xpeng Predicts Chip Shortage Will Last Another Quarter


What we ve seen is that this tight situation will continue for the next quarter or so, Brian Gu, vice chairman and president of Xpeng, said Friday on CNBC s Squawk Box Asia.
The challenge is the visibility of chip supplies is by the minute, Gu said. We are paying very, very close attention to the situation. Right now, the impact is limited and it s reflected in our guidance.
Xpeng s U.S.-listed shares fell nearly 4.9% in Thursday s trading session despite the start-up reporting greater-than-expected revenue of 2.95 billion yuan ($456.7 million) for the first quarter.
The stock is now down nearly 45% for the year so far, but still holds gains of more than 50% from its IPO in August. ....

Brian Gu , Box Asia , பிரையன் கு , பெட்டி ஆசியா ,

XPeng Inc. (XPEV) Q1 2021 Earnings Call Transcript


Operator
Hello, ladies and gentlemen. Thank you for standing by for the first-quarter 2021 earnings conference call for XPeng Incorporated. [Operator instructions] Today s conference call is being recorded. I will now turn the call over to your host, Mr.
Xiling Ma, director of investor relations of the company. Please go ahead Mr. Ma.
Unknown speaker
Thank you. Hello, everyone and welcome to the XPeng s first-quarter 2021 earnings conference call. Our financial and operating results were issued by newswire services earlier today and are available online. You can also view the earnings press release by visiting the IR section of our website at ir.xiaopeng.com. ....

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