NIO's Q3 Losses Higher Than Anticipated, Firm Upbeat About Q4

(MENAFN- Investor Brand Network) NIO Inc. (NYSE: NIO)
faced
rigorous challenges
in the third quarter of 2024 compared to the same period in 2023. The leading electric vehicle (EV) maker from China reported a loss of $0.36 per American Depositary Share (ADS), exceeding analysts' expectations of a $0.32 loss. Revenue also disappointed, totaling $2.66 billion, falling short of the forecasted $2.70 billion, a 2.1% dip from the previous year.

Despite these setbacks, NIO remains optimistic about its future. For the fourth quarter, the company anticipates a significant rebound. It expects to deliver between 72,000 and 75,000 vehicles, marking a year-over-year growth of 43.9% to 49.9%. Expected revenue is between...

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