Nio posts wider-than-expected Q1 loss, revenue miss; shares slip

Investing.com -- Nio (NYSE: NIO) shares slipped nearly 2% in premarket trading Tuesday after the Chinese electric vehicle (EV) manufacturer reported a first-quarter loss of RMB3.01 per share, wider than the loss of RMB2.51 per share that analysts expected.

Revenue for the period came in at RMB12.03 billion, up 21.5% year-over-year, but short of the RMB12.51 billion consensus estimate.

Nio delivered 42,094 vehicles during the quarter, 40.1% year-over-year higher than in the same period last year.

“Since the beginning of the second quarter, we have seen a steady increase in monthly delivery volume. In April, our new products, the ET9 and firefly, have secured notable market shares in the premium executive market and high-end small electric car market respectively,” said William Bin Li, founder, chairman, and CEO of Nio.

For the second quarter of 2025, the company forecasts revenue between RMB19.51 billion ($2.69 billion) and RMB20.07 billion ($2.77 billion), projecting a year-over-year increase of approximately 11.8% to 15.0%.

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