Nio Inc
NIO
ISIN US62914V1061 / Valor 43286578
Nio Inc
UMushroom community rating:
About company
Nio Inc. is a prominent player in the premium smart electric vehicle market, with a focus on shaping a joyful lifestyle for its users. Established in 2014, the company designs, develops, manufactures, and sells a range of smart electric vehicles, driving innovations in technologies such as assisted and intelligent driving, digital technologies, electric powertrains, and batteries. Nio sets itself apart through continuous technological advancements, including industry-leading battery swapping technologies and Battery as a Service (BaaS) offerings. The company's product portfolio includes various smart electric SUVs, coupes, and sedans, catering to different consumer preferences in the electric vehicle market.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (14.08.2024):
Revenue Decline
Nio Inc. reported total revenues of RMB9,908.6 million (US$1,372.3 million) for the first quarter of 2024. This represents a decrease of 7.2% from the first quarter of 2023 and a significant drop of 42.1% from the fourth quarter of 2023.
Vehicle Sales
Vehicle sales for Nio Inc. in the first quarter of 2024 were RMB8,381.3 million (US$1,160.8 million). This marks a decrease of 9.1% compared to the first quarter of 2023 and a sharp decline of 45.7% from the fourth quarter of 2023.
Gross Profit
Nio Inc. achieved a gross profit of RMB487.7 million (US$67.6 million) in the first quarter of 2024. This is a substantial increase of 200.5% from the first quarter of 2023, although it represents a decrease of 61.9% from the fourth quarter of 2023.
Net Loss
The net loss for Nio Inc. in the first quarter of 2024 was RMB5,184.6 million (US$718.1 million). This is an increase of 9.4% from the first quarter of 2023 but a slight improvement with a decrease of 3.4% from the fourth quarter of 2023.
Cash Reserves
As of March 31, 2024, Nio Inc. reported cash and cash equivalents, restricted cash, short-term investments, and long-term time deposits totaling RMB45.3 billion (US$6.3 billion). This strong cash position provides a buffer for the company amid fluctuating financial results.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
9749 M
Market cap (USD)
9,982,626
Daily traded volume (Shares)
5.48 / 5.01
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Robin Roten
Tej Ram Kumpakha
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