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NIO Inc. is a pioneering company at the forefront of the premium smart electric vehicle market. Founded in November 2014, NIO is dedicated to crafting a joyful lifestyle by offering smart, electric and autonomous vehicles that enhance daily life. The company designs, develops, manufactures, and sells premium electric vehicles, pushing the envelope with continuous advancements in technology.
NIO differentiates itself through innovative features like battery swapping and autonomous driving technologies. Its product lineup includes midsize to large sedans and SUVs, with the ES8, a seven-seater electric SUV, being the first model launched in December 2017. Deliveries began in June 2018, and since then, the company has sold over 160,000 electric vehicles as of 2023, capturing roughly 2% of China's new energy vehicle market.
NIO's mission extends beyond making premium electric vehicles; it aims to create a seamless experience that integrates home, work, and travel. The company envisions autonomous cars as future living spaces, prioritizing safety and user experience.
NIO has made significant strides in enhancing its offerings with technologies such as Battery as a Service (BaaS) and subscription-based services. The recently unveiled ONVO brand focuses on enriching family life through smarter vehicle solutions. NIO continues to invest in cutting-edge technologies, aiming to be a leader in next-generation automotive experiences.
As of 2024, NIO has announced its annual report on Form 20-F, detailing its financial performance and audited statements for the fiscal year ending December 31, 2023, which are accessible on the company’s investor relations website.
NIO reported strong delivery numbers for December 2024, achieving a new monthly record of 31,138 vehicles, up 72.9% year-over-year. The deliveries included 20,610 vehicles from NIO's premium brand and 10,528 from ONVO brand. Fourth quarter deliveries reached a record 72,689 vehicles, increasing 45.2% year-over-year.
For full year 2024, NIO delivered 221,970 vehicles, up 38.7% from 2023, bringing cumulative deliveries to 671,564. The company also launched its new smart electric executive flagship, the ET9, at NIO Day 2024, with deliveries expected in March 2025. Additionally, NIO introduced 'firefly', a new small, smart, high-end electric car brand, with its first model launch planned for April 2025.
NIO has announced a repurchase right notification for its 0.50% Convertible Senior Notes due 2027. Holders can require NIO to repurchase their Notes at 100% of the principal amount plus accrued interest on February 1, 2025. The repurchase right window opens on December 30, 2024, and closes on January 30, 2025.
Currently, there are US$378,525,000 in outstanding Notes. If all Notes are surrendered for repurchase, the total cash purchase price will be US$378,525,000. The repurchase price includes unpaid interest through January 31, 2025, payable to holders of record as of January 15, 2025.
NIO reported strong delivery numbers for November 2024, with 20,575 vehicles delivered, marking a 28.9% increase year-over-year. The deliveries included 15,493 vehicles from NIO's premium smart electric vehicle brand and 5,082 vehicles from its family-oriented ONVO brand. Year-to-date deliveries reached 190,832 vehicles, up 34.4% from the previous year. The company's cumulative deliveries totaled 640,426 vehicles as of November 30, 2024. The announcement coincided with NIO's 10th anniversary celebration on November 25, 2024.
NIO reported Q3 2024 financial results with total revenues of RMB18,673.5 million (US$2,661.0 million), down 2.1% YoY. Vehicle deliveries reached 61,855 units, up 11.6% YoY. The company achieved a vehicle margin of 13.1%, improving from 11.0% in Q3 2023. However, net loss increased 11.0% YoY to RMB5,059.7 million. For Q4 2024, NIO expects deliveries between 72,000-75,000 units and revenues of RMB19,676-20,383 million. The company launched ONVO L60, a mid-size family smart electric SUV, and secured strategic investment of RMB3.3 billion in NIO China.
NIO, a leading global smart electric vehicle company, has announced it will release its unaudited financial results for the third quarter 2024 on Wednesday, November 20, 2024, before U.S. markets open. Management will host an earnings conference call at 7:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong/Singapore Time) on the same day. The conference will be available via webcast on NIO's investor relations website, with dial-in options available for participants who register in advance. A replay will be accessible until November 27, 2024.
NIO delivered 20,976 vehicles in October 2024, marking a 30.5% year-over-year increase. The deliveries included 16,657 vehicles from NIO's premium smart electric vehicle brand and 4,319 vehicles from its family-oriented ONVO brand. Year-to-date deliveries reached 170,257 vehicles, up 35.1% year-over-year, with cumulative deliveries totaling 619,851 as of October 31, 2024. ONVO's network expansion includes 166 Centers and Spaces across 60 cities, with access to 584 NIO Power Swap Stations in China. The ONVO L60 production and delivery are steadily increasing.
NIO Inc., a leading company in the global smart electric vehicle market, has announced its delivery results for September and the third quarter of 2024. The company achieved record-high quarterly deliveries of 61,855 vehicles, representing an 11.6% year-over-year increase. In September alone, NIO delivered 21,181 vehicles, a 35.4% increase compared to the previous year.
The September deliveries included 20,349 vehicles from NIO's premium smart electric vehicle brand and 832 vehicles from its family-oriented brand, ONVO. Notably, ONVO's first model, the L60 mid-size family smart electric SUV, was launched on September 19, 2024, with deliveries starting in late September.
As of September 30, 2024, NIO's cumulative deliveries reached 598,875 vehicles. The L60 leverages NIO's technologies and supply chains, focusing on maximizing user value and optimizing lifecycle ownership costs for family users.
NIO Inc. has announced a significant investment deal for its PRC subsidiary, NIO China. Strategic investors will invest RMB3.3 billion in cash, while NIO will invest RMB10 billion. Upon completion, NIO will hold an 88.3% controlling equity interest in NIO China, with strategic investors and existing shareholders holding the remaining 11.7%.
The investment will be made in two installments, with 70% due by the end of November 2024 and the remaining 30% by the end of December 2024. NIO also has the option to invest an additional RMB20 billion by December 31, 2025, under the same terms.
This investment is expected to enhance NIO's balance sheet, positioning the company to maintain its advantages in technology, products, services, and user community, while promoting its multi-brand strategy and market expansion.
NIO Inc. (NYSE: NIO) reported its unaudited financial results for Q2 2024, showcasing significant growth. Total revenues reached RMB17,446.0 million (US$2,400.6 million), a 98.9% increase year-over-year. Vehicle sales were RMB15,679.6 million (US$2,157.6 million), up 118.2% from Q2 2023. NIO delivered 57,373 vehicles, a 143.9% YoY increase.
Gross profit was RMB1,688.7 million (US$232.4 million), up 1,841.0% YoY. Gross margin improved to 9.7% from 1.0% in Q2 2023. Vehicle margin increased to 12.2%. The net loss decreased by 16.7% YoY to RMB5,046.0 million (US$694.4 million).
For Q3 2024, NIO anticipates vehicle deliveries of 61,000-63,000 units and revenues between RMB19,109 million (US$2,630 million) and RMB19,669 million (US$2,707 million).
NIO Inc. (NYSE: NIO) reported its August 2024 delivery results, showcasing continued growth in the electric vehicle market. The company delivered 20,176 vehicles in August, comprising 11,923 premium smart electric SUVs and 8,253 premium smart electric sedans. Year-to-date deliveries for 2024 reached 128,100 vehicles, marking a significant 35.8% increase compared to the same period last year. This growth has pushed NIO's cumulative vehicle deliveries to an impressive 577,694 units as of August 31, 2024, solidifying its position as a leading player in the global smart electric vehicle market.
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