Nio Earnings Mixed Outlook Weak As Tesla Rival In China Ramps Up Models And Purchases
X Nio’s EV deliveries rose 14% year over year in the second quarter. They slowed in July and August from June, but remained above 10,000 in both months. The once-hot Chinese electric vehicle startup has seen headwinds mount. Those headwinds include new export restrictions on Nvidia ( NVDA ), a Nio chip supplier. It also includes intense new competition and new Covid-19 lockdowns in China. Investors will be keen to learn how Nio is managing persistent supply challenges while pursuing ambitious growth strategies....