NIO beats forecasts 
2019-10-10
SHANGHAI-BASED electric car company NIO delivered 4,799 vehicles in the third quarter, up 47 percent from the same period last year.
These figures exceeded earlier estimates. Based on the automaker’s second-quarter report, it had predicted deliveries of between 4,200 and 4,400 vehicles in Q3. In September alone, the company sold 2,019 units. Based on car insurance records from the first eight months of this year, among China’s new-energy vehicle startups, Shanghai-based WM Motor took the lead with total sales of 11,312 vehicles. NIO ranked second with sales totaling 10,458 units. Guangzhou-based Xpeng ranked third with 9,444 vehicles delivered.
 
