Nio missed first-quarter expectations, but there has been better news since that period.First-quarter earnings were released today by Chinese electric vehicle (EV) maker Nio (NIO -5.69%). The company lost slightly more than the market anticipated on sales that also disappointed investors. But it isn't all bad news for investors.Still, the market reaction led to as much as a 10% drop in Nio's American depositary shares. As of 11:45 a.m. ET, the stock recovered some of that decline, but was still down by 6.7% ...

NIO. Inc. (NIO) has received regulatory approval to build a third factory in China, boosting its total production capacity to one million cars, bringing it closer to Tesla's (TSLA) Shanghai plant, per Reuters.Tesla can produce 1.1 million vehicles annually from Shanghai plant. The approval for a plant with a 600,000-unit annual capacity is a significant win for NIO, given China’s state planner's cautious approach to new EV production plans since 2022 due to overcapacity concerns and slowing demand. NIO obta ...

Key TakeawaysNio reported first-quarter results below analyst estimates Thursday as deliveries and revenue fell year-over-year.The Chinese electric vehicle (EV) maker posted a larger net loss than expected as lower prices hurt the company's top and bottom lines.However, Nio projects deliveries to more than double in the second quarter compared to last year, with revenue projected to rise around 90%. Chinese electric vehicle (EV) maker Nio (NIO) reported first-quarter results below expectations Thursday, fal ...

Exhibit 99.1 NIO Inc. Reports Unaudited First Quarter 2024 Financial Results SHANGHAI, China, June 6, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 · Vehicle deliveries were 30,053 in the first quarter of 2024, consisting of 17,809 premium sma ...

SHANGHAI, June 06, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE:NIO, HKEX: 9866, SGX: NIO))) ("NIO" or the "Company"), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 Vehicle deliveries were 30,053 in the first quarter of 2024, consisting of 17,809 premium smart electric SUVs and 12,244 premium smart electric sedans, representing a decrease o ...

Exhibit 99.1 NIO Inc. Reports Unaudited First Quarter 2024 Financial Results SHANGHAI, China, June 6, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2024. Operating Highlights for the First Quarter of 2024 · Vehicle deliveries were 30,053 in the first quarter of 2024, consisting of 17,809 premium sma ...

Even as it struggles against negative market momentum, Nio (NYSE:NIO) is working hard to expand its operations. The Chinese electric vehicle (EV) producer has received the green light from the Chinese government to construct another factory. This site would be Nio’s third EV production facility in China and significantly boost the company’s production capacity.This news comes as NIO stock continues to trend downward amid high volatility and a questionable economic landscape. Most companies would be rising o ...

As the EV industry shows signs of recovery, Nio (NYSE: NIO) has reported record-breaking delivery numbers, signaling a potential turnaround. Nio announced over the weekend that it delivered 20,544 vehicles in May, a 233.8% increase from May 2023. These deliveries included 12,164 electric SUVs and 8,380 electric sedans.Year-to-date, in 2024, Nio has delivered 66,217 EVs, marking a significant 51% increase compared to the same period last year. Positive developments for NioThe Shanghai-based automaker receive ...

China’s electric vehicle (EV) maker NIO Inc. (NIO) is set to report its first-quarter 2024 results on June 6 before the opening bell. Investors are contemplating if this could be an opportune time to invest in the stock, given the massive sell-off so far this year.  Shares of NIO have plunged more than 41% year to date, significantly underperforming the industry.Image Source: Zacks Investment ResearchThe price drop mirrors the broader EV market challenges, including tepid demand and infrastructural concerns ...

A future with driverless cars is quickly approaching — and it may be coming to China first. Indeed, the country has named multiple Chinese automakers on a list of firms with the clearance to “pilot vehicles with L3/L4 autonomous driving capabilities for road access.” This list includes electric vehicle (EV) producer Nio (NYSE:NIO), which has seen shares mostly trend downward for the past six months.This potential catalyst hasn’t done much for NIO stock so far today. That said, the news could help boost shar ...