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

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.

NIO reported a strong performance in August 2022, delivering 10,677 vehicles, marking an impressive 81.6% year-over-year increase. The deliveries include 7,551 premium smart electric SUVs and 3,126 premium smart electric sedans. Year-to-date, NIO delivered 71,556 vehicles, up 28.3% year-over-year, with cumulative deliveries reaching 238,626 as of August 31, 2022. The company also ramped up production of the ES7 SUV, delivering 398 units in August.

NIO Inc. will report its second quarter 2022 unaudited financial results on September 7, 2022, before the U.S. market opens. An earnings conference call will be held at 8:00 AM Eastern Time on the same day. Participants can join via a registered dial-in or through a webcast available on the investor relations website. The conference call replay will be accessible until September 14, 2022, via specified international numbers.

NIO Inc. has announced the conclusion of an independent internal review regarding allegations made by Grizzly Research LLC in their report dated June 28, 2022. The Independent Committee found that the claims were not substantiated. The review involved third-party professional advisers, including a law firm and forensic accountants. NIO continues to focus on its mission in the premium smart electric vehicle market, emphasizing technological advancements in autonomous driving and battery solutions.

Labaton Sucharow is investigating NIO Inc. (NYSE:NIO) for potential violations of federal securities laws. This follows a Short Seller Report issued by Grizzly Research LLC on June 28, 2022, which contains serious allegations. In response, NIO's board has formed an Independent Committee to oversee an independent investigation into these claims. The investigation aims to determine the validity of these allegations and protect the interests of shareholders who may have suffered losses.

NIO delivered a total of 10,052 vehicles in July 2022, marking a 26.7% increase from the previous year. Cumulative deliveries reached 227,949 as of July 31, 2022. Year-to-date deliveries are reported at 60,879, representing a 22.0% year-over-year growth. Despite this growth, the production of the ET7 and EC6 models faced constraints due to casting part supply issues, although the company is working to improve output in the coming months. NIO also expanded its Power Swap network to 1,047 stations in China, enhancing its service capabilities.

NIO Inc. will hold its annual general meeting (AGM) on August 25, 2022, at 10:30 AM Beijing time, in Shanghai. This meeting will focus on passing proposed resolutions outlined in the Notice of AGM. Prior to the AGM, Class C and Class A meetings will occur at 10:00 AM and 10:15 AM, respectively. Shareholders of record as of July 22, 2022, can attend and vote. NIO's annual report for 2021, including audited financial statements, is available on its website and the SEC's site.

NIO Inc. has announced the formation of an Independent Committee to oversee an investigation regarding allegations made by the short-seller firm Grizzly Research. The committee, comprising independent directors, will work with external advisors, including a law firm and a forensic accounting firm. This decision aims to protect shareholder interests and ensure transparent governance. NIO emphasizes its commitment to corporate governance and plans to update stakeholders on the investigation's progress in compliance with regulatory requirements.

NIO Inc. reported a record high in vehicle deliveries, achieving 12,961 vehicles in June 2022, up 60.3% year-over-year. For Q2 2022, deliveries totaled 25,059 vehicles, marking a 14.4% increase year-over-year. Cumulative deliveries have reached 217,897 vehicles as of June 30, 2022. The company introduced the new ES7 SUV and upgraded versions of its existing models. Deliveries for these new models are expected to start in August 2022.