Nio To Unveil Next EV Offering Online This Week: What You Need To Know About EC6
Portfolio Pulse from Anan Ashraf
Chinese EV manufacturer Nio Inc (NYSE:NIO) is set to unveil its new EC6 SUV online on Sept. 15. The company's CEO, William Li, stated that while EC6 deliveries will commence in September, it will take some time for production and delivery to scale up. Nio delivered 19,329 vehicles in the previous month, marking an 81% YoY increase. For Q3, the company anticipates delivering between 55,000 and 57,000 units, reflecting a robust 74% to 80.3% YoY growth. Nio also projects Q3 revenue of $2.61 billion to $2.69 billion, a 45% to 50% YoY expansion.
September 11, 2023 | 9:53 am
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Nio is set to unveil its new EC6 SUV, with deliveries commencing in September. The company anticipates robust YoY growth in Q3 deliveries and revenue.
The unveiling of the new EC6 SUV is a significant event for Nio, potentially attracting more customers and boosting sales. The company's anticipation of robust YoY growth in Q3 deliveries and revenue indicates strong performance, which could positively impact the stock price in the short term.
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