NIO's revenue and delivery volume hit new highs in the second quarter of 2024

NIO's revenue in the second quarter of 2024 reached 17.45 billion yuan, a year-on-year increase of 98.9% and a month-on-month increase of 76.1%; the delivery volume reached 57,400 units, a year-on-year increase of 143.9% and a month-on-month increase of 90.9%. The gross profit margin of the whole vehicle was 12.2%, an increase of 6 percentage points year-on-year and 3 percentage points month-on-month. R&D expenditure was 3.22 billion yuan, cash reserves were 41.6 billion yuan, and the loss narrowed significantly by 16.7% year-on-year.