(Update: Added more details and changed headline)
NIO's deliveries in August fell sharply from the previous month due to the severe impact of Covid-19 on its supply chain, causing the company to lower its previous guidance for deliveries in the third quarter.
NIO delivered 5,880 vehicles in August, up 48 percent year-over-year and down about 26 percent from July. This is a new low since February when NIO delivered 5,578 vehicles.
(Graphic by CnEVPost)
Of the August deliveries, NIO's highest-priced ES8 SUV delivered 1,738 units, up from 1,702 in July.
Its other two SUV models - ES6 and EC6 - delivered 2,342 and 1,800 units respectively. In comparison, these two models delivered 3,669 and 2,560 units respectively in July.
(Graphic by CnEVPost)
In announcing the August deliveries, NIO lowered its previous expectations for third-quarter deliveries by 500-1,500 units.
The company now expects to deliver 22,500-23,500 units in the third quarter, down from the 23,000-25,000 units guidance it gave when it announced its second-quarter report on August 12.
NIO blamed the decline in August deliveries on the impact of Covid-19 on its supply chain, saying that the sole supplier of A/B pillar interior panels for ES6 and EC6, Nanjing Nantiao Quanxing, stopped production for a period of time, which affected supply. The supplier has now resumed production, it said.
In addition, the Covid-19 outbreak in Malaysia affected chip production at STMicroelectronics, which is a supplier of Bosch ESPs, thus affecting Bosch's supply to NIO.
NIO said that if supply chain problems do not worsen further, September deliveries could set another monthly delivery record.
The company said internal calculations showed the Covid-19 in August affected the company's production of about 2,000 to 3,000 units for the month.
The company hopes to try to make up for the August production loss in September by collaborating with supply chain partners and adjusting the plant's production pace. But even so, this will still have an impact of about 1,000 to 2,000 units on its overall quarter.
Despite the poor August deliveries, NIO emphasized that order performance remains strong, with new orders reaching an all-time high in August.
So far this year, NIO has delivered a cumulative total of 55,767 vehicles, up year-over-year.
As of August 31, 2021, cumulative deliveries of NIO ES8, ES6 and EC6 reached 131,408 units.