BEIJING -- Chinese electric vehicle maker Nio Inc. on Wednesday cut its delivery forecast for the third quarter this year due to uncertain and volatile semiconductor supplies.
Nio cut its delivery forecast for the third quarter to around 22,500 to 23,500 vehicles from a previous 23,000 to 25,000 vehicles. It delivered 5,880 electric utility vehicles last month, up 48 percent from a year earlier.
Li Auto Inc., which sells extended-range electric vehicles, said it sold 9,433 vehicles last month, up 248 percent from a year earlier. It targets 10,000 units in monthly sales in September.
Xpeng Inc. sold 7,214 cars in August, up 172 percent year-on-year. CEO He Xiaopeng said the company expects monthly deliveries to reach 15,000 units in the final quarter this year.