Is Nio Racing Ahead? Surprising Q3 Results Revealed, What Investors Need To Know
- 5 months ago
Nio Inc's Q3 revenue rose 46.6% Y/Y to $2.61 billion, slightly below estimates. Vehicle deliveries surged 75.4% Y/Y.
Nio's gross margin dipped to 8% with a non-GAAP loss of $0.31/share. Cash reserves stood at $6.2 billion as of Sep 30.
Nio's gross margin dipped to 8% with a non-GAAP loss of $0.31/share. Cash reserves stood at $6.2 billion as of Sep 30.