07
Sep
16:18
NIO reports 21.8% increase in Q2 revenues amid rising deliveries, expenses
Chinese smart electric vehicle manufacturer NIO reported on Wednesday higher revenues, deliveries and losses in the second quarter of 2022, Kallanish learns.
The company delivered a total of 25,059 BEVs in the April-June period – an increase of 14.4% year-on-year. Revenues rose 21.8% to RMB 10.29 billion or $1.53 billion, according to its earnings report. Yet, NIO’s net loss surged 369% on-year to RMB 2.75 billion in Q2 2022, with expenditure in R&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous