GUANGZHOU, China — Nio’s deliveries of cars to customers in October fell sharply as supply chain issues and changes to its manufacturing lines impacted the Chinese electric vehicle maker.
The company’s New York-listed shares fell 4% in pre-market trade on Monday.
Nio said it delivered 3,667 vehicles in October, down more than 65% from September.
The company said deliveries were “significantly impacted by reduction in production volume as a result of the restructuring and upgrades of manufacturing lines and the preparation of new products.”
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