NIO Q3 summarize
Based on the provided financial data for NIO Inc. in Q3 2024:
Improvements in Financial Health:
1) Gross Profit and Margin:
Gross profit increased significantly by 31.8% YoY and 18.9% QoQ, reaching RMB2,007.4 million.
Gross margin improved to 10.7%, up from 8.0% YoY and 9.7% QoQ.
2) Vehicle Margin:
Vehicle margin increased to 13.1%, up from 11.0% YoY and 12.2% QoQ, driven by reduced material costs.
3) Delivery Growth:
Deliveries reached 61,855 units, an 11.6% YoY and 7.8% QoQ growth.
4) Cash Position:
The company maintains a solid cash and cash equivalents balance of RMB42.2 billion (US$6.0 billion), supporting its operations and future growth plans.
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Dragon Fish : CEO aim 20% gross margin for Nio. No more give discount anymore?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
bullbearnme OP Dragon Fish : Increase margin is important, that bring in earning. You sell 1 Tofu for 1000 pieces but earn 50 cents each vs sell 800 pieces with earning of $1 each. Which one is better?