Nio’s electric vehicles rolling off the production line in the Anhui provincial capital of Hefei in eastern China on Wednesday, April 7, 2021. Photo: Bloomberg
Nio’s electric vehicles rolling off the production line in the Anhui provincial capital of Hefei in eastern China on Wednesday, April 7, 2021. Photo: Bloomberg
Nio

Chinese Tesla challenger NIO posts best quarter on record EV deliveries, helping narrow losses and crush analysts’ estimates

  • The Shanghai-based carmaker’s first-quarter sales jumped more than fivefold to 7.98 billion yuan
  • Net loss narrowed to 354.5 million yuan, or 0.23 yuan (4 US cents) per share, under Chinese accounting rules, beating the 16 US cents loss expected by analysts

Nio’s electric vehicles rolling off the production line in the Anhui provincial capital of Hefei in eastern China on Wednesday, April 7, 2021. Photo: Bloomberg
Nio’s electric vehicles rolling off the production line in the Anhui provincial capital of Hefei in eastern China on Wednesday, April 7, 2021. Photo: Bloomberg
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