Nio deliveries tank 40% in Q1: former MI6 chief says Chinese EVs a ‘serious problem'

All eyes are on Nio Inc (NYSE: NIO) today after it reported a rather huge 40% sequential decline in deliveries for its first quarter.Nio delivered over 30,000 vehicles in Q1 Copy link to section The EV firm based out of Shanghai, China delivered 30,053 vehicles in total that translates to a 3.0% decline versus the same quarter last year. $NIO did, however, came in line with its Q1 deliveries forecast that it updated just last week.It is also important to note that the electric vehicles company delivered 11, ...