Nio Inc. Releases its Q3 Earnings, beats estimates

Nio Inc (NIO) released its fiscal year 2021 Q3 earnings results on Tuesday after the market closed. The earnings beat the estimates and the company sold a total of 24,439 automobiles for this quarter.

  • Revenue: $1,521.8 million
  • EPS: -$0.28
  • Net Income: -$129.6 million
Earnings Highlights
  • Total revenues in the third quarter of 2021 were RMB9,805.3 million (US$1,521.8 million), representing an increase of 116.6% from the third quarter of 2020 and an increase of 16.1% from the second quarter of 2021.
  • Vehicle sales in the third quarter of 2021 were RMB8,636.8 million (US$1,340.4 million), representing an increase of 102.4% from the third quarter of 2020 and an increase of 9.2% from the second quarter of 2021.
  • Other sales in the third quarter of 2021 were RMB1,168.5 million (US$181.4 million), representing an increase of 350.8%from the third quarter of 2020 and an increase of 117.9% from the second quarter of 2021.
CEOs Statement

“We achieved another all-time high quarterly delivery of 24,439 for the third quarter of 2021, representing a solid growth of 100.2% year-over-year. Our demand continues to be strong and our new orders reached a new record high in October,” said William Bin Li, founder, chairman, and chief executive officer of NIO. “Despite the continued supply chain volatilities, our teams and partners are working closely together to secure the supply and production for the fourth quarter of 2021. Meanwhile, we are fully dedicated to accelerating our products and technologies development and bringing the three new products based on NIO Technology Platform 2.0 to users in 2022 to lead the smart EV transformation and adoption,” concluded Mr. Li.

Analysts Estimate

EPS: a loss per share of $0.30

Revenue: $9.4 billion

Earnings History

The “Company” Or Nio last reported its earnings report on 11th August 2021. It bore a diluted net loss per share of $0.07. Vehicle sales of the firm were $1,225.4 million in Q2 2021, an increase of 127.0% from the same period a year ago.

The vehicle margin was 20.3%, compared with 9.7% in Q2, 2020. Total revenues generated by the “Company” was $1,308.4 million in Q2 2021,  an increase of 127.2% from the same period a year ago. The gross profit earned by the firm was $243.8 million in Q2 2021, an increase of 402.7% from the same period a year ago. Net loss incurred by the firm was $90.9 million in Q2 2021, a decrease of 50.1% from the same period a year ago. 

Company Profile

NIO Inc. is a pioneer and a leading company in the premium smart electric vehicle market in China. Founded in November 2014, and headquartered in Shanghai, China, NIO’s mission is to shape a joyful lifestyle. It as a company aims to build a community starting with smart electric vehicles to share the joy and grow together with users. The firm NIO Inc. designs, develops, jointly manufactures, and sells smart premium electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric power trains, and batteries. 

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