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NIO Inc. American depositary shares each representing one Class A
2024-03-05 18:44:54 ET
Summary
NIO Inc. reported better-than-expected revenue growth but weak guidance for the current quarter.
The company experienced pressure on its average selling price, but managed to drive down costs and increase its vehicle margin.
NIO's outlook for the current quarter includes a decline in deliveries and a small increase in revenues, with the launch of the ET9 expected to positively impact average selling prices in the long run.