Chinese car manufacturer Nio reports worse quarterly figures than expected for the third quarter. Revenues amounted to 18.7 billion yuan, which was 2 percent worse than the same period in 2023. It was also lower than the 19.2 billion yuan that the market had expected according to Bloomberg's compilation.
The company, listed on the New York Stock Exchange, reports a adjusted net loss of 4.4 billion yuan, here expectations were for a loss of 4.3 billion yuan. Nio now expects a delivery of between 72,000 to 75,000 vehicles during the fourth quarter, this figure was also worse than expected.
