Tesla Chinese Rival Nio Cuts Fourth-Quarter Expectations

Published by
The Street

By Rob Lenihan The automaker said it is facing challenges in deliveries and productions and supply chain constraints caused by the outbreak of the Omicron coronavirus variant. On Christmas Eve, Nio (NIO) – Get Free Report wanted everyone to feel the light. “Feel the Light” was the theme for the Chinese automaker’s Nio Day 2022, its annual event held in Hefei this year. There, the company released two new flagship electric SUVs: the EC7 and ES8, which will start shipping in May and June. Nio said the new SUVs would have autonomous battery swaps. The vehicles can plan routes for battery swap, dr…

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