Chinese EV maker NIO sees record delivery in Q3

0 Comment(s)Print E-mail Xinhua, November 11, 2021
Adjust font size:

Chinese electric carmaker NIO said Wednesday that it had delivered 24,439 vehicles in the third quarter (Q3) this year, an increase of 100.2 percent from the previous year, setting a quarterly record.

The company posted a 116.6 percent year-on-year revenue growth in the period, raking in around 9.8 billion yuan (about 1.5 billion U.S. dollars), according to the company's financial statement.

The auto gross margin reached 18 percent, with the research and development expenses hitting approximately 1.19 billion yuan for the period, up 101.9 percent year on year, said the company.

"The number of new orders have continued to grow, reaching a new high in October. The total delivery in the fourth quarter of 2021 is expected to reach 23,500 to 25,500 vehicles," said Li Bin, founder of NIO.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from