NIO's Q1 revenue soars 482% year-on-year to RMB 7.98 billion, beating expectations

NIO posted revenue of RMB 7.98 billion yuan ($1.22 billion) in the first quarter, beating market expectations of 6.645 billion yuan and up 481.63 percent from 1.372 billion yuan in the same period last year and up 20.16 percent from the fourth quarter.