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Nio Inc released Q2 financial report with a large increase in stock price. Behind the promising trend are three bullish factors.
On September 5th, the latest financial report released by Nio Inc. showed that both revenue and delivery volume reached record highs in the second quarter. Among them, the second quarter revenue was 17.45 billion yuan, a year-on-year increase of 98.9% and a quarter-on-quarter increase of 76.1%; the delivery volume was 0.0574 million units, a year-on-year increase of 143.9% and a quarter-on-quarter increase of 90.9%; the gross margin of the vehicle was 12.2%, an increase of 6 percentage points year-on-year and 3 percentage points quarter-on-quarter; research and development expenses were 3.22 billion yuan, cash reserves were 41.6 billion yuan, and the loss narrowed significantly year-on-year by 16.7%.
ImSerious : Hey there.