We recently published 10 Stocks Lost This Big While Wall Street Celebrates. NIO Inc. is one of the worst performers on Monday.
NIO saw its share prices decline by 6.24 percent on Monday as investor sentiment was dampened by news that strong demand for a newly launched vehicle has resulted in a six-month delivery delay.
On Saturday, NIO Inc. officially launched the six- and seven-seater ES8 vehicle in Hangzhou, where it sold out this year’s 40,000 unit production capacity.
Photo by Obi Onyeador on Unsplash
Amid the strong demand, NIO Inc. updated reservation holders on Monday that new orders would face a waiting time of 24 to 26 weeks, which means that buyers would be able to receive their vehicles as early as March 2026, or six months from now.
Buyers will be able to receive updates about the delivery of their vehicles in the Nio app. In the meantime, customers waiting for deliveries will receive “peace of mind waiting points” equivalent to 500 points per day from the 57th day after order lock-in until successful delivery.
Last month, NIO Inc. announced that it delivered 31,305 vehicles, consisting of 10,525 from the Nio brand; 16,434 vehicles from Onvo; and 4,346 vehicles from Firefly.
August delivery figures were higher by 48.9 percent than the 21,207 total deliveries in July.
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This article is originally published at Insider Monkey.
