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 ...

China-based EV company NIO Inc. (NIO) is slated to release second-quarter 2024 results on Sep. 5, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a loss of 46 cents a share on revenues of $2.35 billion. The loss estimate for the second quarter of 2024 has widened by 11 cents a share over the past 90 days. The bottom-line projection indicates a year-over-year improvement of 9.8%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year su ...

NIO delivered 20,176 vehicles in August 2024NIO delivered 128,100 vehicles year-to-date in 2024, increasing by 35.8% year-over-year Cumulative deliveries of NIO vehicles reached 577,694 as of August 31, 2024 SHANGHAI, Sept. 01, 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 August 2024 delivery results. NIO delivered 20,176 vehicles in August 2024. The deliveries co ...

After experiencing a significant setback in 2024, Nio (NYSE: NIO) shares have tumbled more than 50% since the start of this year, leaving many investors wondering whether it is time to cut the losses or whether a turnaround is soon on the cards.However, the latest trading session on August 29 recorded a 6.49% gain, after which NIO stock closed at $3.94. Gains of 6.60% extended into pre-market, allowing NIO shares to surpass the $4 threshold, a level they traded below for most of the previous month. NIO stoc ...

NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Eastern District of New York has approved the following announcement of a pending class action that may affect the rights of certain purchasers of American Depositary Shares of NIO, Inc. (NYSE: NIO): SUMMARY NOTICE OF PENDENCY OF CLASS ACTION This Notice May Affect Your Rights. Please Read It Carefully. This Notice was authorized by the United States District Court for the Eastern Dis ...