Key TakeawaysNio cut its losses as it set a record for vehicle deliveries in the second quarter.The Chinese EV maker's deliveries jumped 143.9% year-over-year, and vehicle sales surged 118.2%.Nio also gave a current-quarter revenue forecast that exceeded forecasts. American depositary receipts (ADRs) of Nio (NIO) advanced Thursday as the Chinese electric vehicle (EV) maker reduced its losses and gave strong guidance as it set a record for deliveries. Nio posted a second-quarter loss of 5.05 billion yuan ($6 ...

hapabapa NIO Inc. (NYSE:NIO) has posted solid Q2 earnings results, with robust performance in vehicle sales and gross margins underscoring an above-estimate Q3 outlook. The company has delivered more than 20,000 vehicles on a monthly basis for four consecutive months through August. And similar strength is expected in September, which has likely kicked off with a strong start. Specifically, new car insurance registrations from NIO totaled 6,000 for the week ending September 1. Based on 20,176 vehicle de ...

September 5 was scheduled for Nio‘s (NYSE: NIO) Q2 earnings report release before markets open in the U.S., and it brought some new records and a few pleasant surprises.Nio stock reacted positively to the news, as the gains of 2.17%, which set its price at $4.24 on September 4, were further bolstered by a 3.07% advancement in the pre-market trading.NIO stock 5-day price chart. Source: FinboldThe Q2 report revealed that Nio reported adjusted earnings per share (EPS) of $0.30, slightly better than the estimat ...

Financial Performance - Total revenues for Q2 2024 reached RMB 17,446.0 million (US$ 2,400.6 million), an increase of 98.9% year-over-year and 76.1% quarter-over-quarter[4] - Vehicle sales amounted to RMB 15,679.6 million (US$ 2,157.6 million) in Q2 2024, up 118.2% year-over-year and 87.1% quarter-over-quarter[4] - Gross profit for Q2 2024 was RMB 1,688.7 million (US$ 232.4 million), reflecting an increase of 1,841.0% year-over-year and 246.3% quarter-over-quarter[4] - Gross margin improved to 9.7% in Q2 2024, compared to 1.0% in Q2 2023 and 4.9% in Q1 2024[4] - Total revenues for the three months ended June 30, 2024, reached RMB 17,445,968, a significant increase from RMB 8,771,735 in the same period last year, representing a growth of 99.1%[37] - Vehicle sales for the six months ended June 30, 2024, amounted to RMB 24,060,941, compared to RMB 16,409,697 for the same period in 2023, indicating a growth of 46.5%[40] - Gross profit for the three months ended June 30, 2024, was RMB 1,688,715, up from RMB 86,956 in the same period last year, reflecting a substantial improvement in profitability[37] - The company reported a gross profit margin of approximately 9.7% for the three months ended June 30, 2024, compared to 1.0% in the same period last year[37] Vehicle Deliveries - Vehicle deliveries in Q2 2024 were 57,373 units, representing a 143.9% increase from Q2 2023 and a 90.9% increase from Q1 2024[2] - Cumulative vehicle deliveries reached 577,694 units as of August 31, 2024[8] - For Q3 2024, the company expects vehicle deliveries between 61,000 and 63,000 units, representing an increase of approximately 10.0% to 13.7% from Q3 2023[23] Losses and Expenses - Loss from operations decreased to RMB 5,209.3 million (US$ 716.8 million) in Q2 2024, down 14.2% year-over-year and 3.4% quarter-over-quarter[4] - Net loss for Q2 2024 was RMB 5,046.0 million (US$ 694.4 million), a decrease of 16.7% from Q2 2023 and 2.7% from Q1 2024[4] - Basic and diluted net loss per ordinary share/ADS in Q2 2024 was RMB2.50 (US$0.34), a decrease from RMB3.70 in Q2 2023 and RMB2.57 in Q1 2024[21] - Adjusted basic and diluted net loss per share/ADS (non-GAAP) in Q2 2024 was RMB2.21 (US$0.30), compared to RMB3.28 in Q2 2023 and RMB2.39 in Q1 2024[21] - The net loss attributable to ordinary shareholders for the three months ended June 30, 2024, was RMB 5,126,370, a slight decrease from RMB 5,257,918 in the previous quarter[38] - The net loss per share for the six months ended June 30, 2024, was RMB 5.07, reflecting the financial pressures faced by the company[45] Cash and Assets - As of June 30, 2024, the balance of cash and cash equivalents, restricted cash, short-term investments, and long-term time deposits was RMB41.6 billion (US$5.7 billion)[22] - Total assets as of June 30, 2024, were RMB100.5 billion (US$13.8 billion)[33] - Total liabilities as of June 30, 2024, were RMB79.8 billion (US$11.0 billion)[34] - Total NIO Inc. shareholders' equity as of June 30, 2024, was RMB16.1 billion (US$2.2 billion)[35] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings and operational efficiency[37] - NIO's "Power Up Counties" plan was announced to enhance its charging and swapping network across China[9] - The new ONVO brand's inaugural model, L60, is expected to launch and begin deliveries in September 2024[10] - Total revenues for Q3 2024 are expected to be between RMB19,109 million (US$2,630 million) and RMB19,669 million (US$2,707 million), reflecting an increase of approximately 0.2% to 3.2% from Q3 2023[23] Research and Development - Research and development expenses for the three months ended June 30, 2024, were RMB 3,218,522, compared to RMB 3,344,572 in the same period last year, showing a reduction of 3.8%[37] - The total cost of sales for the six months ended June 30, 2024, was RMB 25,178,158, with research and development expenses amounting to RMB 6,082,738[45] - The adjusted result (Non-GAAP) for total expenses in the six months ended June 30, 2023, was RMB 29,722,232, highlighting the company's ongoing investment in growth[46] - The share-based compensation for the three months ended June 30, 2023, was RMB 23,887, indicating the company's commitment to incentivizing its workforce[45]

Quarterly Total Revenues reached RMB17,446.0 million (US$2,400.6 million)iQuarterly Vehicle Deliveries were 57,373 units SHANGHAI, Sept. 05, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2024. Operating Highlights for the Second Quarter of 2024 Vehicle deliveries were 57,373 in the second quarter of ...

Wall Street expects Nio Inc NIO to report a negative 31 cents in earnings per share (EPS) and $2.44 billion in revenues when the Chinese electric vehicle manufacturer reports second-quarter earnings before market hours on Thursday.Nio saw impressive year-over-year growth with a 35.8% increase in vehicle deliveries for 2024, reaching 128,100 units. The company delivered 20,176 vehicles in August. Nio’s total deliveries have now climbed to 577,694 vehicles as of August end, highlighting the company’s growing ...

CHANGCHUN, CHINA - JULY 17, 2024 - Visitors view NIO EP9 electric supercar at the 21st Changchun ... [+] International Automobile Expo in Changchun, Jilin province, China, July 17, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)CFOTO/Future Publishing via Getty ImagesChinese luxury electric vehicle maker Nio stock delivered a total of 20,176 vehicles for August, up just about 4.4% versus the same quarter last year. While Nio’s performance was well behind rival Li Auto which saw sal ...

Nio is stepping away from its luxury lineup to start deliveries of its more affordable Onvo brand, and it's headed for Tesla.If you've only glanced at the electric vehicle (EV) industry, you can be forgiven for not knowing about the Onvo brand. You'd likely be even less aware that it's NIO's (NIO 2.72%) attempt to expand into Tesla (TSLA -1.64%) territory to battle its best-selling Model Y. But that's exactly what the Chinese EV maker is attempting to do with the launch of its Onvo L60.Let's see what this c ...

Andy FengMy Thesis Update I wrote my 1st article about NIO Inc. (NYSE:NIO) stock in mid-January 2024 and then updated my bullish rating in mid-April and in mid-June. Unfortunately, the stock continued to fall despite a number of positive updates like improved margins and liquidity position. Seeking Alpha, Oakoff's NIO coverageNIO is scheduled to report its quarterly results on September 5th, according to Seeking Alpha. I believe this event could potentially serve as a catalyst for the stock's movement; ...

Andy Feng Chinese electric vehicle manufacturer and brand NIO's (NYSE:NIO) (OTCPK:NIOIF) upcoming second quarter (Q2 2024) results are critical at a time when the stock lags behind both its long-term and nearer-term levels. Not only is it trading at levels 94% lower than its all-time highs seen in May 2021, its current price is weak even compared to its performance over the past 52-weeks. It’s at 64% lower than the 52-week high and even 34% lower than the average during this period. Even year to date [Y ...