NIO's Q1 revenue decreased by 7.2% year-on-year
According to NIO's Q1 2024 report, the revenue for the first quarter was approximately 9.91 billion yuan, a year-on-year decrease of 7.2%; The net loss was 5.185 billion yuan, an increase of 9.4% year-on-year. The performance was affected by the decline in sales. In the first quarter of this year, NIO delivered 30000 new cars, a year-on-year decrease of 3.2% and a month on month decrease of 39.9%.
