NIO Inc. Reports Unaudited Second Quarter 2020 Financial Results NYSE:NIO


Quarterly Total Revenues reached RMB3,718.9 million (US$526.4 million) i
Quarterly Deliveries of the ES8 and the ES6 were 10,331 vehicles
Quarterly Vehicle Margin reached 9.7%
Quarterly Gross Margin reached 8.4%

SHANGHAI, China, Aug. 11, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Operating Highlights for the Second Quarter of 2020

  • Deliveries of vehicles were 10,331 in the second quarter of 2020, including 8,068 ES6s and 2,263 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019 and 3,838 vehicles delivered in the first quarter of 2020.

Key Operating Results 

  2020 Q2 2020 Q1 2019 Q4 2019 Q3
Deliveries 10,331 3,838 8,224 4,799
         
  2019 Q2 2019 Q1 2018 Q4 2018 Q3
Deliveries 3,553 3,989 7,980 3,268
         

Financial Highlights for the Second Quarter of 2020

  • Vehicle sales were RMB3,486.1 million (US$493.4 million) in the second quarter of 2020, representing an increase of 146.5% from the second quarter of 2019 and an increase of 177.6% from the first quarter of 2020.
  • Vehicle marginii was 9.7%, compared with negative 24.1% in the second quarter of 2019 and negative 7.4% in the first quarter of 2020.
  • Total revenues were RMB3,718.9 million (US$526.4 million) in the second quarter of 2020, representing an increase of 146.5% from the second quarter of 2019 and an increase of 171.1% from the first quarter of 2020.
  • Gross profit in the second quarter of 2020 was RMB313.1 million (US$44.3 million), representing an increase of RMB817.3 million from a gross loss of RMB504.2 million in the second quarter of 2019 and an increase of RMB480.6 million from a gross loss of RMB167.5 million in the first quarter of 2020.
  • Gross margin was 8.4%, compared with negative 33.4% in the second quarter of 2019 and negative 12.2% in the first quarter of 2020.
  • Loss from operations was RMB1,160.0…



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