Chinese electric vehicle maker Nio said it delivered more than 8,000 cars in one month for the first-time.
The company delivered 8,083 vehicles in June, bringing its second-quarter total to 21,896 cars, according to a company news release.
That quarterly figure came in on the high end of Nio’s forecast for deliveries of between 21,000 and 22,000 in the three months ended June 30. Nio’s U.S.-listed stock is up 9% year-to-date.
The strong second-quarter performance came despite a decline in monthly deliveries in May from April, which the company had attributed to the global semiconductor shortage.
Nio’s June sales also brought deliveries for the first half of the year to more than 41,900, close to surpassing the total for all of last year of 43,728 cars.
However, Nio’s sales are still far short of industry giant Tesla, which delivered 184,800 vehicles worldwide in the first quarter. Tesla’s shares are down more than 3.5% so far this year
