nio inc nio on monday announced that its july deliveries rose yearoveryear but declined sequentially separately rumors of an ultracheap third brand from the company floated around in local chinese media what happened shanghaibased nio delivered 10052 vehicles in july representing 267 yearoveryear growth this however represented a 224 drop from june’s 12961 units the july deliveries comprised 7579 suvs including es8 es6 and ec6 and 2473 et7 sedans a month ago the company sold 1684 es8s 5100 es6s and 1828 ec6s for combined suv sales of 8612 and 4349 et7 sedans nio noted that the production of its et7 sedan and ec6 suv was constrained due to a shortage in the supply of casting parts the company said it is working with its supply chain partners so that vehicle production can be accelerated in the remaining months of the third quarter related link weeks biggest ev stories manchinschumer lift to industry apple brisk with car patent filings ford delivers in q2 gms green bond sales rivians struggles and more among its chinese peers xpeng inc xpev and li auto inc li also announced their july numbers earlier on monday rumors of ultracheap ev drift around local media outlet 36kr reported monday that nio is planning to launch an ev with a price point starting at 100000 yuan 14806 and going up to 200000 yuan the report suggested the budget brand will be independently operated and that nio is currently recruiting a core team for the same when asked about the new brand ceo william li reportedly said on weibo there is no information available at the moment cnevpost reported benzingas take in premarket trading nio stock was rising 390 to 2050 according to benzinga pro data this suggests the market may have discounted a drop from a strong june performance amid the wider market recovery