Home Capital Results

Nio narrows 1QFY2022 loss, preps for delivery of new model

The Edge Singapore
The Edge Singapore6/9/2022 08:38 PM GMT+08  • 1 min read
Nio narrows 1QFY2022 loss, preps for delivery of new model
Nio will deliver its new model ET5 in September / Photo: Nio
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Electric car maker Nio has narrowed its loss for 1QFY2022 ended March by 62.6% y-o-y to RMB1.8 billion.

Revenue in the same period was RMB9.9 billion, up 24.2% y-o-y, as it sold more cars.

On the other hand, Nio company incurred higher operating costs, causing gross margins to drop from 19.5% to 14.6%.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now