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home / news releases / NIO - NIO: Time To Get Moving

NIO - NIO: Time To Get Moving

NIO Inc. American depositary shares each representing one Class A

2024-06-06 12:42:58 ET

Summary

  • NIO reported weak Q1 numbers as it prepares to launch its lower-priced Onvo brand.
  • Revenues declined over 7% and missed estimates, but vehicle margins did improve.
  • NIO's cash on the balance sheet decreased, potentially increasing the need for another capital raise before the Onvo launch.

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For further details see:

NIO: Time To Get Moving
Stock Information
Company Name: NIO Inc. American depositary shares each representing one Class A
Stock Symbol: NIO
Market: NYSE
Website: nio.com
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