US EditionNio Stock Drops After Q1 Results And Outlook Disappoints The Street, Margins Shrink - NIO (NYSE:NIO)
- Nio, a Chinese electric vehicle maker, reported its Q1 2025 financial results on Tuesday, causing its shares to trade lower premarket.
- The quarter showed a 21.5% year-over-year revenue increase to RMB12.03 billion but a 38.9% sequential decline due to seasonal delivery drops.
- Nio improved its gross margin year-over-year to 7.6% but saw a decline from 11.7% last quarter as it implemented restructuring and efficiency measures across operations.
- CEO William Bin Li highlighted consistent growth in monthly deliveries since early Q2 and projected that vehicle shipments for the quarter will range from 72,000 to 75,000, marking a year-over-year increase of approximately 25.5% to 30.7%.
- Despite Q1 setbacks and margin compression, Nio aims to enhance operational efficiency and considers its financial resources sufficient for the next year amid cautious market sentiment.
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Nio Stock Drops After Q1 Results And Outlook Disappoints The Street, Margins Shrink - NIO (NYSE:NIO)
NIO, Inc (NYSE: NIO) reported a 21.5% increase in revenue but a 38.9% decline sequentially in fiscal Q1. Analysts estimated $1.73B revenue but actual was $1.66B.
·New York, United States
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