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Earnings flood from China's stocks: Is a turnaround on the horizon?
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As of the end of Q2 2024, NIO had approximately $3.8 billion...

As of the end of Q2 2024, NIO had approximately $3.8 billion in cash and equivalents. After raising additional funds through convertible bonds in October, this amount likely increased to around $4.8 billion. However, given the company's high capital expenditure and ongoing operational losses, analysts expect NIO will continue to burn cash. NIO's free cash flow for the recent quarter was deeply negative, and it is projected that the company may not achieve positive FCF until 2026.

With a cash burn rate driven by international expansion, production scale-up, and competitive pressures in the Chinese market, it's estimated that the current cash reserves might last through 2025. After that, unless NIO improves its financials or reduces expenses significantly, it would likely need to raise more capital.
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