NIO Q2 revenue rises as net loss narrows on delivery surge
Chinese EV maker NIO reported Q2 revenue growth alongside a sharply narrower net loss, as deliveries jumped, per a company press release.
Story updates
10:24:57 AM UTC
SquawkNews
By Jiahui HuangChinese electric-vehicle maker NIO reported a narrower loss in the second quarter, thanks to robust deliveries and its premium positioning, though the sequential decline in monthly sales weighed on shares.Its net loss came to 721.6 million yuan, equivalent to about $107 million, narr…
By Jiahui HuangChinese electric-vehicle maker NIO reported a narrower loss in the second quarter, thanks to robust deliveries and its premium positioning, though the sequential decline in monthly sales weighed on shares.Its net loss came to 721.6 million yuan, equivalent to about $107 million, narr…