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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 Inc. announced strong delivery results for March 2023, delivering 10,378 vehicles, including 3,203 SUVs and 7,175 sedans. For the first quarter, total deliveries reached 31,041 vehicles, a 20.5% increase year-over-year, with cumulative deliveries at 320,597 as of March 31, 2023. The company is expanding its battery swapping network, having deployed 1,339 Power Swap stations and plans to install an additional 1,000 in 2023. NIO has also rolled out the NOP+ Beta, with over 30,000 users engaged and a cumulative mileage exceeding 15 million kilometers, enhancing driving experience through continuous updates.
NIO Inc. (NYSE: NIO) reported strong performance for Q4 2022, achieving record quarterly vehicle deliveries of 40,052 units, a 60% increase year-over-year. Total revenues reached RMB 16,063.5 million (US$2,329.0 million), up 62.2% from Q4 2021. Despite the growth, gross profit fell by 63.4% year-over-year to RMB 621.8 million (US$90.1 million), with a gross margin of 3.9%. NIO’s full-year total revenues also increased by 36.3% to RMB 49,268.6 million (US$7,143.3 million), yet net loss for the year soared by 259.4% to RMB 14,437.1 million (US$2,093.2 million).
NIO Inc. (NYSE: NIO) announced its plan to release the unaudited financial results for Q4 and full year 2022 on March 1, 2023, before U.S. market opening. Management will host an earnings call at 7:00 AM ET on the same day, which will be available via webcast on their investor relations website. Participants can join the call by registering in advance, and a replay will be accessible via phone until March 8, 2023. NIO is recognized as a leader in the premium smart electric vehicle market, known for its innovative technologies like battery swapping and Autonomous Driving as a Service.
NIO Inc. reported delivering 8,506 vehicles in January 2023, comprising 2,190 premium smart electric SUVs and 6,316 electric sedans. Cumulative deliveries reached 298,062 by January 31, 2023. During the peak travel season around the Chinese New Year, NIO facilitated over 1 million power swaps, with notable usage at highway stations. On January 18, 2023, NIO was ranked first among car brands in Corporate Knight's Global 100 for sustainability, reinforcing its commitment to low-carbon development and environmental protection.
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