NIO - Is Nio Racing Ahead? Surprising Q3 Results Revealed | Benzinga
Chinese electric vehicle startup Nio, Inc (NYSE: NIO) reported third-quarter revenue of 19.07 billion yuan ($2.61 billion), up by 46.6% year-over-year and 117.4% from the previous quarter. Analysts, on average, estimated revenue of $2.63 billion for the quarter.
Vehicle deliveries were 55,432 in Q3 of 2023, up by 75.4% Y/Y and 135.7% Q/Q. Consequently, vehicle revenue climbed 45.9% Y/Y and 142.3% Q/Q.
Excluding share-based compensation expenses, the company reported a non-GAAP loss of 2.28 yuan ($0.31) compared to 2.11 yuan in the year-ago quarter and 3.28 yuan in the second quarter of 2023. Analysts had called ...