Nio Falls on Wider-Than-Expected Loss, Fewer Deliveries
NIONIO(NIO) Investopedia·2024-06-06 21:01

Key TakeawaysNio reported first-quarter results below analyst estimates Thursday as deliveries and revenue fell year-over-year.The Chinese electric vehicle (EV) maker posted a larger net loss than expected as lower prices hurt the company's top and bottom lines.However, Nio projects deliveries to more than double in the second quarter compared to last year, with revenue projected to rise around 90%. Chinese electric vehicle (EV) maker Nio (NIO) reported first-quarter results below expectations Thursday, fal ...