$NIO Inc (NIO.US)$ A second-quarter loss of $52 million, or ...

$NIO Inc(NIO.US)$ A second-quarter loss of $52 million, or a loss of 3 cents per share, was reported on a non-GAAP basis. In comparison, a loss of 18 cents per share was lost in the same period last year, and a loss of 11 cents per share is generally expected.

Revenue was $1,308.4 million, up 127.2% from $550.47 million in the same period last year, and surpassed the market's general forecast of $1,298 million. The company previously anticipated second-quarter revenue of $1,243 million to $1,298 million.

Vehicle sales were $1,225.4 billion, or 93.7% of total revenue.
In the first quarter, the premium electric car maker reported revenue of $12.2 billion and a loss of 4 cents per share.

The automotive margin for the second quarter was 20.3%, compared to 21.2% in the first quarter. A year ago, the auto profit margin was 9.7%.

NIO's cash balance at the end of the second quarter was $7.5 billion, compared to $7.3 billion at the end of the first quarter.