NIO 2024 Q1 Results Announced

On June 6, NIO announced its first quarter results for 2024, with a total of 30,300 vehicles delivered, revenue of 9.91 billion yuan, R&D expenditure of 2.86 billion yuan, vehicle gross profit margin of 9.2%, and cash reserves of 45.3 billion yuan. It is expected to deliver 54,000 to 56,000 units in the second quarter, with revenue of 16.59 billion to 17.14 billion yuan.