Nio Inc. (NIO) umbles 8% as Slow July Deliveries Growth Disappoint

We recently published 10 Stocks Bleeding Early. NIO Inc. (NYSE:NIO) is one of the companies that stood stronger last week.

Nio Inc. dropped its share prices by 8.18 percent on Monday to close at $4.6 apiece as investors soured on the slower growth in vehicle deliveries last month.

In a statement on Friday, NIO Inc. (NYSE:NIO) said it delivered 21,017 vehicles last month, higher by 2.5 percent than the 20,498 in the same period last year, but was notably slower than the double-digit year-on-year growth in the past three months.

Year-on-year, June deliveries were higher by 17 percent; May was up by 13 percent; while April increased by 53 percent.

According to NIO Inc. (NYSE:NIO), July’s deliveries consisted of 12,675 vehicles from NIO’s premium smart electric vehicle brand NIO; 5,976 vehicles from the family-oriented smart electric vehicle brand ONVO; and 2,366 vehicles from the small smart high-end electric car brand Firefly.

To date, the company has already delivered a cumulative total of 806,731 vehicles, of which the NIO brand accounted for 737,923, followed by the ONVO brand with 58,599, and Firefly with 10,209.

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