NIO Inc. Class A (HK:9866) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into HK:9866 stock, check out TipRanks’ Stock Analysis page.
