NIO released its 2024 financial report, with record losses

In its financial report for the fourth quarter and full year of 2024, NIO's losses hit a new high again. Total revenue for the quarter was 19.7034 billion yuan, up 15.2% year-on-year and 5.5% month-on-month. However, the net loss reached 7.1115 billion yuan, up 32.5% year-on-year and 40.6% month-on-month. Total revenue for the year was 65.7316 billion yuan, up 18.2% year-on-year, but the net loss reached 22.4017 billion yuan.