Chinese automaker Nio reports May EV sales constrained by Covid as rivals XPeng and Li Auto gain ground - CNBC

Nio's sales were up just 4% year over year as the company struggled to build and deliver vehicles amid the latest Covid outbreaks.

Chinese electric vehicle maker Nio delivered more than 7,000 vehicles in May, up 4.7% from a year ago but well below its current production capacity, as Covid-related disruptions continued to limit t… [+1365 chars]

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