NIO Scrambles to Boost Production After Sales Double Again

John Rosevear, The Motley Fool
·2 min read
NIO Scrambles to Boost Production After Sales Double Again

NIO delivered 5,291 vehicles to customers in November, more than double its year-ago result, as demand for its stylish electric SUVs continued to be strong. During the company's third-quarter earnings call last month, CEO William Bin Li said that the company was working with its suppliers to increase production to 7,500 vehicles per month early next year; it now hopes to have that increase in place before the end of December, it said on Tuesday. NIO increased its production capacity from about 4,000 vehicles per month to 5,000 in September.

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