Summary by Futu AI
NIO Inc. announced its unaudited financial results for the second quarter of 2024 on September 5, 2024, showing a total quarterly revenue of 17.446 billion yuan and an automobile delivery volume of 57,373 vehicles, a year-on-year increase of 143.9%. The automotive sales amounted to 15.6796 billion yuan, with a gross margin of 12.2%. The net loss was 5.046 billion yuan, a decrease of 16.7% compared to the same period last year. The company's share capital includes Class A common stock and Class C common stock, with each Class C common stockholder having eight votes per share. NIO is listed on the New York Stock Exchange under the stock code NIO. The Board of Directors includes founder, chairman, and CEO William Li, among others. The company emphasizes the potential risks under the different voting structures and mentions future prospects in the performance report, expecting the automobile delivery volume to reach 61,000 to 63,000 vehicles in the third quarter.