Welcome to our dedicated page for Nio news (Ticker: NIO), a resource for investors and traders seeking the latest updates and insights on Nio stock.
NIO Inc. (NIO) pioneers premium electric vehicles and cutting-edge mobility solutions through its smart EV designs and battery-swapping innovations. This news hub provides investors and enthusiasts with official updates directly from the company and verified industry sources.
Track all critical developments including quarterly earnings reports, new vehicle launches, autonomous driving advancements, and strategic partnerships. Our curated collection ensures you stay informed about NIO's technological breakthroughs and market positioning without speculative commentary.
Discover updates across key categories: financial performance disclosures, product roadmap announcements, battery technology improvements, and global expansion initiatives. Each piece is selected for relevance to stakeholders monitoring NIO's role in shaping sustainable transportation.
Bookmark this page for streamlined access to NIO's evolving story. Check back regularly for real-time updates that matter to your analysis of this innovative electric vehicle leader.
NIO Inc. (NYSE: NIO) has announced its unaudited financial results for Q1 2024. Vehicle deliveries totaled 30,053, a 3.2% decline year-over-year and a 39.9% decline quarter-over-quarter. Vehicle sales were down 9.1% year-over-year and 45.7% quarter-over-quarter, totaling RMB8,381.3 million. Gross profit increased by 200.5% year-over-year but decreased by 61.9% quarter-over-quarter, totaling RMB487.7 million. NIO reported a net loss of RMB5,184.6 million, a 9.4% increase year-over-year but a 3.4% decrease quarter-over-quarter. Cash and equivalents stood at RMB45.3 billion. Recent developments include the launch of ONVO's first model L60, participation in the SGX Securities Lending Program, and an investment agreement in NIO Power. For Q2 2024, NIO expects vehicle deliveries between 54,000 and 56,000 units and revenues between RMB16,587 million and RMB17,135 million.
NIO Inc. announced a record-high delivery of 20,544 vehicles in May 2024, marking a 233.8% increase year-over-year. This includes 12,164 premium smart electric SUVs and 8,380 premium smart electric sedans.
The company has delivered 66,217 vehicles year-to-date in 2024, representing a 51.0% increase compared to the same period last year. Cumulative deliveries have reached 515,811 vehicles as of May 31, 2024.
NIO has also expanded its strategic cooperation on battery swapping by partnering with GAC Group and FAW Group, enhancing its existing collaborations with Changan Automobile, Geely Group, JAC Group, Chery Automobile, and Lotus Technology. The company remains focused on developing a robust battery swapping ecosystem to ensure efficient and convenient recharging experiences for its users.
NIO Inc., a leader in the premium smart electric vehicle market, will hold its Annual General Meeting (AGM) on June 25, 2024, in Shanghai, China. Shareholders and ADS holders as of May 24, 2024, are invited to attend and vote on proposed resolutions. The Notice of AGM and proxy forms are available on NIO's website. The board supports all proposed resolutions and recommends a favorable vote. NIO has also filed its annual report on Form 20-F, including audited financial statements for the fiscal year ending December 31, 2023, which can be accessed on both the SEC's and the company's website.
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a leading company in the premium smart electric vehicle market, will report its unaudited financial results for the first quarter of 2024 on Thursday, June 6, 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 June 6, 2024, which will also be accessible by a live and archived webcast on the company's investor relations website. Participants can join the call by registering in advance and dialing in 10 minutes prior. A replay of the conference call will be available until June 13, 2024.
NIO Inc. reported an impressive growth in vehicle deliveries for April 2024, with a 134.6% year-over-year increase totaling 15,620 vehicles. The year-to-date deliveries also rose by 21.2%, reaching 45,673 vehicles. Overall, cumulative deliveries of NIO vehicles reached 495,267 by April 30, 2024. The company introduced the 2024 ET7 sedan with notable improvements, emphasizing luxury and innovation. NIO's collaboration with Lotus Technology aims to enhance charging and swapping technologies in line with its commitment to technological advancement and user experience.
FAQ
What is the current stock price of Nio (NIO)?
What is the market cap of Nio (NIO)?
