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Sri Lanka is electrifying its fleet of tuk-tuks nationwide with the help of the UN
Sri Lanka is electrifying its fleet of tuk-tuks nationwide with the help of the UN
In July alone, the carmaker handed over the keys to 20,462 vehicles, roughly double the number a year ago.
Nio’s chairman and chief executive, William Li, said the strong July sales showed the company had gained a top position in the 300,000 yuan-plus price segment of China’s EV industry.
The carmaker predicted its revenue in the third quarter would reach 18.9 billion yuan to 19.5 billion yuan, up by as much as a half from the same period of 2022 and more than double the amount in the second quarter.
Nio is the last of the three Chinese electric-car makers seen as the biggest threat to Tesla to make a bullish forecast for the coming months.
On August 8, Beijing -based Li Auto said its deliveries between July and September should reach 100,000 to 103,000 units, up by 15.6 to 19 per cent from the previous quarter.
The Chinese EV trio design and manufacture electric cars that feature high-performance battery systems, preliminary autonomous driving technology and sophisticated digital cockpits.
On August 14, Tesla slashed the prices of its Shanghai-made Model Y vehicles by 4 per cent, its first reduction in seven months, as the US carmaker sought to keep its Chinese rivals at bay.
The prices of the Long Range and Performance editions of the Model Y are now at their lowest in China since Tesla began assembling the SUV at the Gigafactory 3 in Shanghai at the start of 2021.
EV sales in China may rise 55 per cent this year to 8.8 million units, UBS analyst Paul Gong forecast in April.
