NIO s third quarter financial report revenue was 19.07 billion yuan, a year on year increase of 46.6

Mondo Finance Updated on 2024-01-28

On December 5, it was reported that today, NIO released its financial status for the third quarter of this year, and the financial report showed that the revenue in the third quarter of 2023 was 190700 million yuan, a year-on-year increase of 466%, the market expectation is 1937.3 billion yuan.

Net loss for the third quarter of 2023 was 455.7 billion yuan, a year-on-year increase of 108%;Gross margin was 80%;The operating loss was RMB4843.9 billion yuan (6US$63.9 billion), a year-on-year increase of 252%;Adjusted net loss (non-GAAP) was RMB3953.2 billion yuan (541.8 billion US dollars), a year-on-year increase of 130%。

Vehicle deliveries in the third quarter of 2023 reached 55,432 units, including 37,585 high-end smart electric SUVs and 17,847 high-end smart electric sedans, up 754%。

Li Bin, Founder, Chairman and CEO of NIO, said, "We recently completed a comprehensive plan for our two-year operating plan to identify key goals, priorities, and action plans. At the same time, we identified opportunities for organizational optimization, cost reduction, and efficiency improvement. We will continue to focus on advancing our core technologies, developing key products, and enhancing our sales and service capabilities. We are confident in NIO's long-term competitiveness in the smart electric vehicle market."

On the 1st of this month, NIO also announced the delivery of vehicles in November, with 15,959 new vehicles delivered in November, a year-on-year increase of 126%;From January to November 2023, NIO delivered a total of 142,026 new vehicles, a year-on-year increase of 331%。NIO has delivered a total of 431,582 new vehicles.

It is also worth mentioning that today, JAC announced that NIO has become the transferee of one package of assets and three packages of assets.

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