NIO ADR Stock News

Quarterly-filed Form 13Fs offer investors an inside look at which stocks Wall Street's smartest and richest money managers have been buying and selling. More than a half-dozen prominent billionaires dumped shares of Nvidia during the June-ended quarter.

Nio nearly doubled shipments in the second quarter compared to the prior quarter. It expects to continue that growth in the third quarter.

NIO Inc. NYSE: NIO is a Chinese electric vehicle (EV) manufacturer that sells sleek cutting edge EVs mainly in China. Shares have been battered as the company continues to post losses without a clear-cut path to profitability.

Chinese luxury electric vehicle maker Nio stock published a narrower-than-expected loss for Q2. While sales almost doubled year-over-year to about $2.4 billion, net losses narrowed to $0.30 from $0.45 a year ago, led by strong delivery growth.

Nio missed Q2 revenue estimates but showed an improvement in gross margins, with more progress expected later this year. Despite a 144% YoY increase in vehicle deliveries, lower average selling prices impacted total revenues, marking the second top line miss in three quarters. Nio's Q3 guidance included record deliveries and revenue expectations slightly above Street estimates, with ambitious l...

Nio's deliveries and margins finally rose again in the second quarter. It expects to maintain that momentum in the second half of the year.

Nio is increasing sales and vehicle margins as it readies its lower-priced brand for deliveries.

NIO reported decent Q2'24 results as the EV company achieved 118.2% vehicle revenue growth. Vehicle margins improved to 12.2% in Q2, alleviating investor concerns amidst a competitive market with aggressive pricing from Tesla. NIO's Q3 outlook projects sustained delivery momentum, reinforcing its long-term investment appeal in the Chinese EV market.