NIO Inc. Boosts Q3 2024 Deliveries and Margins

NIO Inc. Class A (HK:9866) has released an update.

NIO Inc. reported its unaudited financial results for Q3 2024, showcasing total revenues of RMB18,673.5 million (US$2,661.0 million) and a 7.8% increase in vehicle deliveries from the previous quarter, reaching 61,855 units. Despite a 2.1% revenue decline compared to the same quarter last year, the company achieved a gross margin of 10.7%, highlighting improved profitability in the competitive electric vehicle market.

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