NIO Releases 2024 Q1 Financial Report and Updates on Key Developments

TapTechNews June 6 news, NIO today released its first quarter 2024 financial report.

NIO's revenue in the first quarter was 9.91 billion yuan, the gross margin of complete vehicles was 9.2%, the cash reserve was 45.3 billion yuan, and the R & D expenditure was 2.86 billion yuan. The delivery guidance for the second quarter of 2024 is 54,000 to 56,000 units, an increase of 129.6% to 138.1% year-on-year; the revenue guidance is 16.59 billion yuan to 17.14 billion yuan, an increase of 89.1% to 95.3% year-on-year.

TapTechNews attached important events:

On May 31, NIO Energy received a 1.5 billion yuan ($216.54 million) strategic investment from institutions such as Wuhan Guangchuang Fund.

On May 21, NIO signed a strategic cooperation framework agreement with FAW in Changchun.

On May 8, NIO signed a charging and swapping strategic cooperation agreement with GAC Group in Guangzhou.

On May 15, NIO's new brand ONVO LeDao was officially launched, and the family smart electric medium-sized SUV LeDao L60 made its appearance and opened for reservation.

On May 9, NIO's 500,000th mass-produced vehicle rolled off the assembly line at Hefei Xinqiao NIO's second factory.

On April 25, NIO brought 8 2024 models to the Beijing Auto Show, and the 2024 ET7 Executive Edition was officially launched.

On March 14, NIO released a new Baas battery rental service policy.

On January 11, WanNeng Group, Anhui Communications Holding Group and NIO signed a strategic cooperation agreement in Hefei, and the three parties will support Zhong'an Energy to orderly promote the construction of 1,000 storage-charge-swap integrated swap stations. On the same day, Jianghuai and Chery reached a swap战略合作 with NIO.