Summary by Futu AI
On June 6, 2024, Nio Inc released unaudited financial results for the first quarter of 2024, showing that automobile deliveries reached 30,053 vehicles, a 3.2% decrease from the same period last year. The sales revenue of automobiles in that quarter was CNY 8.3813 billion, with a gross margin of 9.2%, and recorded a net loss of CNY 5.1846 billion. The company emphasizes its high-end brand positioning and technological innovation, which have been recognized by the market, and has shown a significant increase in deliveries in April and May. In addition, Nio's second brand, Ledo Auto, was launched in May with the aim of entering a broader market. The company expects a significant increase in deliveries in the second quarter of 2024.