NIO Widens Q3 Loss by 11%

MT Newswires11-20 19:24

NIO (SGX:NIO, HKG:9866) recorded an 11% rise in attributable loss in the third quarter to 5.14 billion yuan from 4.63 billion yuan in the year-ago period, a Wednesday filing with the Hong Kong bourse stated.

Loss per share was 2.50 yuan in the quarter, down from 2.67 yuan in the third quarter of 2023.

The automaker's revenue fell by 2.1% to 18.7 billion yuan in the period from 19.1 billion yuan a year prior.

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