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Nio widens 2QFY2022 loss by 316%, to scale up production in 2HFY2022

Khairani Afifi Noordin
Khairani Afifi Noordin9/7/2022 05:56 PM GMT+08  • 2 min read
Nio widens 2QFY2022 loss by 316%, to scale up production in 2HFY2022
The second half of 2022 is a critical period for the company to scale up the production and delivery of multiple new products. Photo: Nio
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Electric car maker Nio has widened its loss for 2QFY2022 ended June 30 by 316.4% to RMB2.7 billion ($570 million) compared to the same corresponding period last year.

Basic net loss per ordinary share for 2QFY2022 stood at RMB1.68, compared with RMB0.42 in 2QFY2021.

Total revenue for the period was RMB10.2 billion, a 21% increase from 2QFY2021. Vehicle sales were up 21% y-o-y to RMB9.5 billion, mainly attributed to higher deliveries.

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