Nio promises “all-time high deliveries” for Q2 · TechNode

Shares of Nio decreased 8.2% to $3.83 by market close on Thursday, after the company reported a mixed first quarter with revenues that slumped more than half from a previous quarter, and yet slightly beat analysts’ expectations with a narrowed loss.

However, the company says they expect leapfrog growth in the second quarter with an “all-time high in quarterly deliveries” of up to 158% growth quarter-on-quarter in Q2, or around 10,000 cars. The EV maker claimed it has witnessed “a solid recovery” in sales, with deliveries more than doubled to 3,155 units in April from a month earlier.

The Chinese electric vehicle maker opened 44 new franchise stores over the first three months of this year, expanding its sales network of more than 110 stores with some clubhouses across 76 domestic cities.

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Written by Aakash Malu


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