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Benzinga

Chinese electric vehicle startup NIO, Inc. (Nio) reports fiscal second-quarter revenue of 17.45 billion yuan ($2.40 billion)

Benzinga
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Chinese electric vehicle startup NIO, Inc (NYSE: NIO ) reported fiscal second-quarter revenue of 17.45 billion yuan ( $2.40 billion ) Analysts had called for a loss of $ 0.31 per share.

Vehicle deliveries were 57,373 in the quarter , up by 143.9% Y/Y.

Vehicle revenue grew by 118.2% and 87.1% Q/Q.

Company guided deliveries of 61,00063,000 units for the third quarter , or 10.0%13.7% year over year .