NIO Just Broke Another Sales Record Despite the Chip Shortage

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Chinese electric-vehicle maker NIO (NYSE: NIO) said that its deliveries set a new record in March, helping the company deliver its best quarterly sales total to date despite production downtime related to an ongoing shortage of semiconductors. 

NIO delivered 7,257 vehicles to customers in March, breaking its earlier record of 7,225 set in January after a production increase. For the full first quarter, NIO delivered just over 20,000 vehicles, up 16% from the fourth quarter of 2020. 

NIO’s deliveries for every month from its first deliveries in late June of 2018 through March 2021. Data source: NIO. Chart by the author.

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