Tesla Rival Nio Shortens Delivery Wait Time By Two Weeks For ES8 In China
Portfolio Pulse from Benzinga Neuro
Chinese electric vehicle maker Nio Inc. has reduced the delivery wait time for its ES8 model in China from 8-9 weeks to 6-7 weeks. This is the first change in wait times for any of Nio's models in the past month. The ES8, Nio's first production vehicle, has reported strong deliveries recently with 1,917 units delivered in July, a 226.02% increase from June. The company plans to release and start deliveries of the updated EC6 model in September.
September 01, 2023 | 9:28 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nio Inc. has reduced the delivery wait time for its ES8 model, indicating increased production efficiency. The company also plans to start deliveries of the updated EC6 model in September, which could potentially boost sales.
The reduction in delivery wait time for Nio's ES8 model suggests that the company has improved its production efficiency, which could lead to increased sales and revenue. The upcoming release of the updated EC6 model could also attract more customers, potentially boosting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100