[Rewards] NIO Q1 margins contracted sharply, and new launches are around the corner
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KEY Figures:
● Q1 total revenues were US$1,554.6 million, representing an increase of 7.7% YoY (year-on-year) and a decrease of 33.5% from the fourth quarter of 2022. The decrease in vehicle sales was mainly due to a lower average selling price as a result of the higher proportion o...