News from Sina US stocks on the 31stNIO Inc.Cars closed at $3.78, up 53.72%, up more than 100% at one point in intraday trading, and released good news in the third quarter.

NIO Inc. released its results for the third quarter of 2019 on December 30th.

According to the data, NIO Inc. 's revenue in the third quarter was 1.8368 billion yuan, up 21.8 percent from the previous month and 25.0 percent from the same period last year, higher than the market expectation of 1.632 billion yuan. The adjusted net loss was 2.451 billion yuan, compared with 2.378 billion yuan in the same period last year, and the market is expected to make an adjusted net loss of 2.665 billion yuan.

According to the financial report, NIO Inc. delivered 4799 vehicles in the third quarter, including 4196 ES6 and 603 ES8. Vehicle sales brought 1.7335 billion yuan in revenue to the company, an increase of 22.5% month-on-month and 21.5% over the same period last year. In addition, other sales in the third quarter reached 103.4 million yuan, an increase of 9.9% compared with the previous quarter and 142.1% compared with the third quarter of 2018, mainly due to increased sales of charging piles and accessories caused by increased vehicle delivery.

According to Wall Street analysts, if no new financing comes in, NIO Inc. will run out of cash in early 2020 and will be insolvent. However, NIO Inc. has taken a series of measures to reduce costs and increase efficiency, which have achieved initial results.

On NIO Inc. 's Day on December 28th, Li Bin said, "NIO Inc. has passed the critical period, and our production capacity, sales volume, customer service efficiency, operating efficiency and gross profit margin are constantly improving and are expected to last for 3-5 years. NIO Inc. is a listed company with more financing channels than everyone imagined, and now we have moved from the 'warm-up competition' to the 'qualifying competition' stage. "