NIO Delivered 20,060 EVs in Q1 2022 as the Global Chip Shortage Put a Damper on the Company’s Record-Breaking Stint

NIO Delivered twenty,060 EVs in Q1 2021 as the Global Flake Shortage Put a Damper on the Company'south Record-Breaking Stint

NIO (NYSE:NIO) has recorded another significant increase in quarterly deliveries, corresponding to a meaning growth relative to the comparable quarter of 2020.

NIO (NYSE: NIO) Has Delivered seven,257 EVs in March 2021, With Deliveries for the Kickoff Quarter of 2021 Totaling 20,060 Units

Co-ordinate to the printing statement released just moments ago, NIO delivered seven,257 EVs in March 2021, including 3,152 units of the ES6 model, 1,529 units of the ES8 model, and two,576 units of the EC6 model. This cumulative monthly delivery number marks an increase of 373 percent relative to the comparable month of concluding year. As far every bit the entire first quarter of 2021 is concerned, NIO delivered twenty,060 EVs, translating to almanac growth of 423 percent.

The nautical chart beneath illustrates NIO's contempo quarterly deliveries:

Moreover, the following chart gives a more than granular view of NIO's deliveries, segmented past its EV models:

Conduct in listen that NIO had intimated on the 26th of March that information technology would fail to run across its earlier delivery guidance of between 20,000 and 20,500 units. While citing the global chip shortage and the attendant need to limit production at the JAC-NIO manufacturing plant in Hefei, the company went on to announce that it expected to evangelize effectually xix,500 EVs in Q1 2021.

While commenting on the fiscal implication of this move, we had noted at the time:

"NIO earned $946.2 million from the sale of its EVs in Q4 2020. Based on the 17,353 vehicles that the company sold in the quarter, the ASP for its EVs computes at $54,527. If we use linear interpolation and assume that this ASP will agree constant for Q1 2021, the bit shortage will reduce NIO's quarterly acquirement past $54.53 one thousand thousand, based on a cumulative causeless affect of 1,000 units from the high-betoken of NIO'south previously announced quarterly delivery gauge of betwixt 20,000 and xx,500 units."

While a number of reasons have been cited for the ongoing global bit shortage, two stand out. First, at the start of the pandemic and the associated lockdowns, chip production activity began concentrating on consumer electronics as their demand skyrocketed while the demand for vehicles plunged. This introduced a supply chain lag for the manufacture when the demand from automakers began to pick up with the appearance of vaccines and the relaxation of lockdowns. 2d, the scrap shortage was worsened by a fire at a Renesas Electronics Corp. facility, which supplies a major chunk of auto chips globally. The suspension of production at that facility has further exacerbated this crisis. Still, the crisis is likely to place only a momentary burden on NIO and other automakers. Equally an analogy, BloombergNEF analyst Alejandro Zamorano believes that the impact of chip shortage will reverberate in the quarterly deliveries of major automakers across the globe just that these losses will be recouped past the end of the year.

Looking ahead, NIO investors are anticipating two major positive developments in the coming months. Beginning, as per the local Chinese media reports, NIO may strike a strategic partnership with Sinopec, the largest network of gasoline service stations in China. This partnership is expected to entail the deployment of NIO'due south 2d-generation Bombardment Bandy stations across Sinopec'due south network.

Equally a refresher, NIO'southward Battery Swap 2.0 stations can perform 312 automated bombardment swaps per day, with each swap taking identify in under 3 minutes. The company is able to achieve this feat by eliminating the elevator stride required by the first-generation stations. These stations will begin to be deployed by Apr 2021, with NIO planning to build at least 500 Battery Swap 2.0 stations in China by the end of the electric current year.

Another major anticipated development for NIO investors relates to the company'south much-hyped entry in the European marketplace under the ambit of its Project Marco Polo.

Source: https://wccftech.com/nio-delivered-20060-evs-in-q1-2021-as-the-global-chip-shortage-put-a-damper-on-the-companys-record-breaking-stint/

Posted by: andersoncaminarthe.blogspot.com

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