Nio Reports Record EV Deliveries and Narrowed Losses in Q2

Chinese automaker Nio sees significant growth in vehicle deliveries and revenue, with strong projections for the third quarter.

Nio delivered 57,373 electric vehicles in Q2, a 143.9% increase year-over-year.
Revenue for the quarter nearly doubled to 17.45 billion yuan, driven by strong vehicle sales.
The company's losses narrowed to 5.05 billion yuan, a 16.7% improvement from the previous year.
Nio expects to deliver between 61,000 and 63,000 vehicles in Q3, setting another potential record.
Nio's market share in the premium BEV segment priced above 300,000 yuan exceeds 40% in China.