Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.
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Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago loss as deliveries of its upscale EVs slipped amid a transition to an updated vehicle platform and a broader economic slowdown in China.
Here are the key numbers from Nio’s second-quarter earnings report, compared with Wall Street estimates as reported by Refinitiv.
- Revenue: 8.77 billion yuan ($1.21 billion), vs. 9.25 billion yuan expected.
- Adjusted loss per share: 3.28 yuan (45 cents), vs. 2.45 yuan expected.
The company’s shares were…