Nio widens net loss to RMB5.1b in Q3 with lower vehicle sales

Vehicle sales fell 4.1% YoY.

Nio's net loss widened by 11.0% YoY and 0.3% QoQ to RMB5.1b (US$732.7m) in Q3 due to lower vehicle sales.

Sales fell 4.1% YoY to RMB16.7b (US$2.4b). Compared to Q2, however, sales increased by 6.5% YoY.

In Q3, the company also suffered a wider loss from operations of RMB5.24b (US$764.4m).

With a wider net loss, the company reported a net loss per ordinary share of RMB2.50 (US$0.36).

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