NIO’s April delivery numbers are in

NIO Inc. reported its latest delivery numbers for April on Sunday.

The Chinese electric vehicle company delivered 5,074 cars last month – a decrease of 28.55% year-over-year. Production and deliveries were impacted by supply chain issues and other constraints caused by COVID-19 outbreaks in China, according to the company.

The deliveries in April consisted of:

• 1,251 ES8s – the company’s six-seater or seven-seater flagship premium smart electric SUV
• 1,878 ES6s – the company’s five-seater high-performance premium smart electric SUV
• 1,252 EC6s – the company’s five-seater premium smart electric coupe SUV
• 693 ET7s – the Company’s flagship premium smart electric sedan

NIO has delivered a total of 197,912 electric vehicles as of 30^th April , 2022.

NIO Inc. chart

Here is how the stock has performed in the past year:

• 1 Month -23.85%
• 3 Month -20.10%
• Year-to-date -47.29%
• 1 Year -58.08%

NIO price targets

• Morgan Stanley: $34
• HSBC: $69
• Goldman Sachs: $56
• Barclays: $34

NIO is the 19^th largest automaker in the world with a market cap of $25.39 billion.

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Sources: NIO Inc., CompaniesMarketCap