Earnings

Nio Q3 2022 earnings revenue loss guidance

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Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022.

Qilai Shen | Bloomberg | Getty Images

Chinese electric vehicle maker Nio on Thursday reported a loss of $577.9 million for the third quarter, significantly wider than a year ago, despite strong revenue following a 29% increase in vehicle sales.

Here are the key numbers from Nio’s third-quarter earnings report.

  • Revenue: $1.83 billion, up 32.6% from the third quarter of 2021.
  • Adjusted loss per share: 30 cents, versus 6 cents per share in the year-ago period.
  • Cash at quarter end: $7.2 billion, down from $8.1 billion as of June 30.

Shares of the company were up over 10% in early trading…



Source cnbc.com

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