NIO Posts 32.14 Billion Yuan Q2 Revenue on Third Operating Profit Quarter
NIO reported second-quarter revenue of 32.14 billion yuan, registering a 69.1% year-on-year expansion as premium vehicle deliveries lifted margins.
- 32.14 billion yuan
- +69.1%
- 206.9 million yuan
- 26.1 million yuan
What Happened
Quarterly revenue expanded 69.1% compared with the same period last year and rose 25.9% sequentially from the first quarter to 32.14 billion yuan.
Adjusted profit from operations reached 206.9 million yuan, representing roughly 3.1 times the 66.8 million yuan generated in the opening quarter.
By comparison, the electric vehicle maker incurred an adjusted operating loss of 4.04 billion yuan during the same period last year.
Non-GAAP adjusted net earnings totaled 26.1 million yuan for the quarter, easing from the 43.5 million yuan recorded in the preceding quarter.
Why this matters
The electric vehicle manufacturer secured its third consecutive quarter of positive adjusted operating income, marking operational stabilization following multi-year development losses. Product mix improvements helped offset guidance headwinds.
Terms in This Story
- EV
- Electric vehicle, a vehicle powered fully or partly by electricity.
- ICE
- Internal combustion engine, the conventional petrol or diesel engine type.
A brief summary; details can be imperfect — always verify against the original source.