NIO narrows quarterly loss as deliveries support volume momentum
NIO reported a narrower quarterly loss, citing robust deliveries and its premium positioning, and said momentum was building despite a tepid start to the third quarter.
By Jiahui HuangChinese electric-vehicle maker NIO reported a narrower quarterly loss, thanks to robust deliveries and its premium positioning, and signaled that momentum was building despite a tepid start to the third quarter.NIO has been working to cut costs and improve profitability after years o…