NIO narrows quarterly loss as revenue jumps 69% on stronger deliveries

  • NIO reported a narrower second-quarter net loss as revenue increased and deliveries strengthened.
  • Revenue climbed 69% to 32.14 billion yuan, while net loss reached 721.6 million yuan.
  • NIO delivered nearly 50% more vehicles but remained below its quarterly sales guidance.

NIO narrowed its second-quarter net loss to 721.6 million yuan, or about $107 million, from 5.14 billion yuan a year earlier. Revenue rose 69% to 32.14 billion yuan as vehicle deliveries increased by nearly 50%, supported by the company’s premium positioning. However, quarterly sales fell short of NIO’s guidance, and a sequential decline in monthly sales weighed on the shares, which were down 3.20%.

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NIO narrows quarterly loss as revenue jumps 69% on stronger deliveries - CoinPost Terminal