Overview

• Nio posted a Q2 net loss of 4.99 billion yuan, improving from 6.75 billion yuan in Q1, on revenue of 19.0 billion yuan.
• Vehicle margin declined to 10.3% from 12.2% a year earlier, which the company attributed to a lower average selling price as Onvo and Firefly scale.
• The company guided Q3 deliveries of 87,000–91,000 vehicles and revenue of 21.812–22.876 billion yuan.
• After delivering 21,017 units in July and a record 31,305 in August, Nio expects 34,678–38,678 vehicles in September to set another monthly high.
• Cash and investments totaled 27.2 billion yuan at end-June, and CEO William Li has reportedly told employees the company must reach profitability in Q4.