NIO’s gross margin rose to 9.9% last year from 5.5% in 2023, but the improvement paled in comparison to XPeng and Li Auto, which reported gross margins of 14.3% and 20.5%, respectively.

NET LOSS: The Chinese automaker is expected to post net loss of 4.63 billion yuan, equivalent to $638.8 million, according to a consensus estimate compiled by Visible Alpha, narrowing from 5.59 ...

Meanwhile, NIO’s sales rebounded in March as new models launched. NIO delivered 11,866 vehicles in March (its highest monthly total in 2024) for 30,053 in the first quarter. NIO ET5T (Source: NIO) ...

SINGAPORE - Chinese electric vehicle (EV) maker Nio reported a wider net loss of 4.1 billion yuan (S$801.4 million) during its third quarter, despite higher vehicle sales and total revenue.