Smart electric vehicle (EV) maker NIO has delivered 7,024 vehicles in May, brining the total year-to-date to 37,866, up 11.8 percent from the year-earlier period, according to a filing to SGX Wednesday.
“In May 2022, the company’s vehicle production had been gradually recovering from the impact of Covid-19 outbreaks in certain regions in China while vehicle deliveries were still constrained to a certain extent by the corresponding preventive measures,” the car maker said in the statement.
“NIO plans to further ramp up the production capacity to a higher level by working closely with supply chain partners and to accelerate the delivery recovery starting from June, in light of the recent supportive developments in the Covid-19 situation and the strong order inflow,” the company said.
