Nio Beats Revenue Estimates, Expects Q2 Deliveries Growth Despite Chip Shortage Challenge

Nio projected 21,000 to 22,000 vehicle deliveries for the second quarter, up an estimated 103%-113% year-on-year. (Source: Nio)

Chinese electric vehicle (EV) maker Nio Inc. posted better than expected first quarter results, despite being forced to halt production in late March due to the global semiconductor shortage.

Revenues for the three months that en…