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Nio Posts Q3 Revenue of $2.6 Billion, up 117.36% From Q2

CnEVPost ·  Dec 5, 2023 17:38

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Nio (NYSE: NIO) reported third-quarter revenue of RMB 19.07 billion, up 46.64 percent year-on-year and 117.36 percent from the second quarter.

Its net loss for the third quarter was RMB4.557 billion, up 10.8 percent from the third quarter of 2022 and down 24.8 percent from the second quarter of 2023.

Excluding equity incentive expenses, its adjusted net loss for the third quarter was RMB3,950 million, an increase of 13.0 percent from the third quarter of 2022 and a decrease of 27.4 percent from the second quarter of 2023.

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