For the three months ending Sept. 30, its revenue came in at $644.5 million, increasing 19.3% year-over-year.
Wall Street analysts expect the company to post earnings per share (EPS) of $0.31 on revenues of $631.04 million.
Macquarie’s Eugene Hsiao says weaker demand for the core Nio brand and a slower ONVO production ramp led to an 18% revenue miss versus the midpoint of the guidance range.
Nio shares have halved year-to-date amid tough EV industry fundamentals in China.
Mainland China stocks tumbled on Wednesday, marking the end of a 10-day rally, as the stimulus-induced rally faded. On Tuesday, mainland Chinese stocks, including those listed in Shanghai, Shenzhen, and...
Based on the Wyckoff trading method, China internet ETF, KWEB, could be in for a bull run as it nears completion of Wyckoff accumulation pattern.