Nio Q4 Loss Narrows Slightly, Revenue Up 6.5%; Forecasts Flat Q1 Deliveries, Softer Revenue
- Nio's Q4 net loss narrowed slightly to 5.37 billion renminbi vs 5.79 billion renminbi year-over-year
- Q4 revenue rose 6.5% to 17.1 billion renminbi ($2.41 billion)
- Q4 vehicle margins improved to 11.9%
- Nio forecasts Q1 deliveries to be roughly flat, down 0.1%
- Nio expects Q1 revenue of 10.5 billion to 11.1 billion renminbi, a year-over-year change of -1.7% to +3.8%