NIO Inc. American depositary shares, each representing one - NIO STOCK NEWS

NIO Inc. has lowered its fourth-quarter delivery forecast for 2022 due to production and delivery challenges stemming from the Omicron variant outbreak in China. The company now expects to deliver between 38,500 and 39,500 vehicles, down from the previous estimate of 43,000 to 48,000. Additionally, NIO recently launched new models, the EC7 and All-New ES8, during NIO Day 2022, with deliveries planned for May and June 2023. NIO continues to innovate in the smart electric vehicle market with its advanced Battery as a Service and Autonomous Driving technologies.

NIO Inc. will host NIO Day 2022 on December 24, 2022, at the Binhu International Convention and Exhibition Center in Hefei, China. The event, themed “Feel the Light”, will be streamed live at 7:00 PM Beijing time (6:00 AM U.S. Eastern Time). NIO Day is an annual gathering for launching new products and engaging with users. As a leader in the premium smart electric vehicle market, NIO continues to innovate with technologies like battery swapping and Autonomous Driving as a Service.

NIO Inc. has confirmed a data breach involving user and vehicle sales information sold online by third parties, affecting data prior to August 2021. The company has issued a public statement, launched a dedicated hotline, and is working with authorities to investigate the incident. NIO has taken responsibility for potential user losses related to this breach and reaffirms its commitment to data security. The company’s proactive approach aims to mitigate the incident's impact and restore user confidence in its data protection efforts.

NIO reported a record-high monthly delivery of 14,178 vehicles in November 2022, a 30.3% year-over-year increase. Year-to-date deliveries reached 106,671 vehicles, marking a 31.8% increase compared to last year. Cumulative vehicle deliveries totaled 273,741 as of November 30, 2022. The ET7 model received a five-star safety rating from the European NCAP and the Green NCAP. NIO entered a strategic partnership with Tencent for advancements in autonomous driving and related services, aiming to enhance user experience.

NIO Inc. reported third-quarter 2022 revenues of RMB13,002.1 million (US$1,827.8 million), a 32.6% year-over-year increase. Vehicle deliveries reached a record 31,607 units, up 29.3% from the same quarter last year. However, the company experienced a net loss of RMB4,110.8 million (US$577.9 million), a significant increase of 392.1% year-over-year. Vehicle margin decreased to 16.4%, down from 18.0% the previous year. Despite these challenges, NIO projects fourth-quarter deliveries between 43,000 and 48,000 vehicles, anticipating a revenue increase of 75.4% to 94.2% year-over-year.

NIO reported a significant increase in vehicle deliveries for October 2022, with a total of 10,059 vehicles delivered, representing a year-over-year increase of 174.3%. Year-to-date deliveries reached 92,493 vehicles, up 32.0% compared to the previous year. Cumulative deliveries have totaled 259,563 vehicles as of October 31, 2022. However, the company faced operational challenges and supply chain volatility due to COVID-19. NIO also launched new vehicle models in Europe, expanding its market presence through subscription and leasing options.

NIO Inc. (NYSE: NIO) will release its third quarter 2022 financial results on November 10, 2022, before U.S. market open. Management will host a conference call at 7:00 AM ET on the same day to discuss results. A live and archived webcast will be available on the company's investor relations site. Participants can join via dial-in by registering in advance. NIO, a leader in the premium smart electric vehicle market, focuses on innovative technologies including battery swapping and autonomous driving, aiming to create a joyful lifestyle through its products.

NIO Inc. announced strong delivery results for September 2022, with a total of 10,878 vehicles delivered, including 7,729 SUVs and 3,149 sedans. This brings the total deliveries for the third quarter of 2022 to 31,607 vehicles, marking a significant 29.3% year-over-year increase and achieving record quarterly deliveries. As of September 30, 2022, cumulative deliveries reached 249,504 vehicles. NIO is set to host the NIO Berlin 2022 launch event on October 7, 2022.

NIO Inc. reported total revenues of RMB10,292.4 million (US$1,536.6 million) for Q2 2022, a 21.8% increase year-over-year. Vehicle sales rose by 21.0% YoY to RMB9,570.8 million (US$1,428.9 million). The company reported a net loss of RMB2,757.5 million (US$411.7 million), up 369.6% YoY. Vehicle margins declined to 16.7% from 20.3% in Q2 2021, and gross profit decreased by 14.8% to RMB1,340.3 million (US$200.1 million). Despite challenges, NIO delivered 25,059 vehicles in Q2 2022, an increase of 14.4% YoY. The outlook for Q3 2022 anticipates deliveries between 31,000 and 33,000 vehicles.