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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, 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.
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a leading company in the premium smart electric vehicle market, has announced that it will release its unaudited financial results for the second quarter of 2024 on Thursday, September 5, 2024, before the U.S. markets open. The company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day.
Investors and analysts can access a live and archived webcast of the conference call on NIO's investor relations website. For those who prefer to join via phone, registration is required in advance. A replay of the call will be available until September 12, 2024, through various international dial-in numbers.
NIO Inc. (NYSE: NIO) reported its July 2024 delivery results, showcasing strong performance in the premium smart electric vehicle market. The company delivered 20,498 vehicles in July, comprising 11,964 SUVs and 8,534 sedans. Year-to-date deliveries reached 107,924 vehicles, marking a significant 43.9% year-over-year increase. Cumulative deliveries hit 557,518 as of July 31, 2024.
On July 27, NIO hosted 'NIO IN 2024', unveiling major technological advancements including a 5nm intelligent driving chip, full-domain vehicle operating system, AI-driven smart systems, and advanced connectivity technology. The company emphasized its commitment to R&D and AI-based capabilities to enhance user experience and maintain competitive advantages in the smart EV market.
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a leading company in the premium smart electric vehicle market, announced a significant management change on July 5, 2024. Chief Financial Officer Steven Wei Feng has resigned due to personal and family reasons, effective immediately. The company expressed gratitude for his contributions since 2019. The Board has promoted Senior Vice President of Finance, Stanley Yu Qu, to the CFO position. Mr. Qu, who joined NIO in 2016, has prior experience at Lear , Johnson Controls, and PricewaterhouseCoopers. He holds a Master’s Degree in Accounting from Shanghai University of Finance and Economics and a Bachelor’s Degree in Accounting from Peking University.
NIO Inc. announced record-high vehicle deliveries for June and the second quarter of 2024. The company delivered 21,209 vehicles in June 2024, marking a 98.1% increase year-over-year. The quarterly deliveries reached 57,373 vehicles, a 143.9% year-over-year increase. Cumulative vehicle deliveries by NIO totaled 537,020 as of June 30, 2024. The June deliveries included 11,581 premium smart electric SUVs and 9,628 premium smart electric sedans. Additionally, on June 25, 2024, NIO published its 2023 Environmental, Social, and Governance (ESG) report, highlighting its commitment to sustainability and corporate responsibility.
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