Nio’s second-quarter loss widened from a year ago, as it overhauled key products amid an economic slowdown in China. But deliveries are already rebounding.
Google's AI feature in Gmail and productivity apps will cost big businesses $30 a month per user
Nio's gross margin on vehicles for the second quarter was 6.2% in the second quarter, down from 16.7% a year ago but up from 5.1% in the first quarter of 2023. Nio launched a revamped version of its mainstay ES6 crossover on its new"NT2.0" platform in May, and a station wagon version of its ET5 sedan in June.
Nio now expects to deliver between 55,000 and 57,000 vehicles in the third quarter, up significantly from the 31,607 EVs it delivered in the . It expects its revenue for the period to fall between $2.61 billion and $2.69 billion, up from $1.83 billion in the year-ago period.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NIO Earnings Are Coming. Investors Are Nervous.Wall Street expects a per-share loss of about 33 cents a share from $1.3 billion in sales.
Weiterlesen »
Nio stock falls after losses widen and revenue falls more than forecastShares of Nio Inc. slipped Tuesday, after the China-based electric vehicle maker reported second-quarter results that missed expectations but provided an...
Weiterlesen »
These Stocks Are Moving the Most Today: NIO, AT&T, Heico, 3M, Oracle, Best Buy, and MoreNIO's results miss estimates, AT&T and Verizon stocks are upgraded, Heico falls after its earnings report, and 3M's board has approved a $6 billion earplugs...
Weiterlesen »
Nio's stock falls after losses widen and revenue falls more than forecastThe China-based EV maker missed revenue estimates for a fourth-straight quarter, though its Q3 outlook is above forecasts.
Weiterlesen »
US Commerce chief seeks trade, tourism boost in China talksU.S. Commerce Secretary Gina Raimondo arrives in Beijing on Sunday for a four-day visit aimed at boosting business ties between the world's two largest economies while declaring American national security trade measures off-limits for debate.
Weiterlesen »
US Commerce chief seeks trade, tourism boost in China talks By ReutersUS Commerce chief seeks trade, tourism boost in China talks
Weiterlesen »