NIO Q1 Financial Report: Net profit increased 30% YoY

Recently, IIA learned from the NIO official that its first quarter net profit was -2.65 billion yuan, an increase of 32.8%. Among them, automobile sales were 1.54 billion yuan, a decrease of 54.6% compared with the previous quarter. In addition, NIO ES6 has officially rolled from the line, with a price range of 358k-498k yuan (without subsidy). The first commemorative edition will be delivered next month.

According to NIO's first-quarter earnings report, total revenue for the first quarter of 2019 was 1.63 billion yuan, a decrease of 52.5% compared with the previous quarter. Among them, automobile sales were 1.54 billion yuan, a decrease of 54.6% from the previous month. NIO's net loss for the first quarter was 2.65 billion yuan, a decrease of 25.1% from the previous quarter and an increase of 32.8% from the same period last year.

In addition, according to the news, NIO ES6 has been officially gone off the assembly lineat the Anhui Advanced Manufacturing Center. The price range of the new car is 358k-498k yuan (without subsidy). A commemorative edition of 6,000 units will be delivered next month. The normal version and the performance version are scheduled to be delivered in June next year.