NIO Inc.
- Nio Inc declined 4.5% to $10.48 after the China-based electric vehicle maker reported a wider quarterly loss.
Total revenue in the second quarter declined 14.8% to $1.2 billion and vehicle deliveries fell 6.1% to 23,520 units from 25,059 units a year ago.
Vehicle margin fell to 6.1% in the second quarter from 16.7% in the period a year ago but rose from 5.1% in the first quarter of 2023.
Net loss jumped to 6 billion yuan from 2.7 billion yuan and diluted loss per share rose to 3.70 yuan from 1.68 yuan a year ago.
Aug 29, 2023
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