's revenue in the second quarter was more than double that of the same period last year, beating Wall Street's expectations. Its loss per ADS also narrowed sharply, and it plans to deliver three new vehicles next year.

The company reported revenue of RMB 8.45 billion ($1.3 billion) in the second quarter, beating analysts' estimates of RMB 8.29 billion and coming close to the upper end of its guidance range of RMB 8.5 billion, according to its unaudited earnings report released Thursday morning Beijing time.

That's up 127 percent from a year earlier and 5.8 percent from the first quarter.

Net loss was RMB 587 million in the second quarter, representing a decrease of 50.1% from the second quarter of 2020 and an increase of 30.2% from the first quarter of 2021.

Under non-GAAP, it reported an adjusted net loss of RMB 336 million, below analysts' expectations of RMB 674 million. This was 70.3 percent narrower than the year-ago quarter and 5.3 percent lower than the first quarter.

Its second-quarter adjusted loss per ADS of RMB 0.21 was smaller than the market's expectation of a loss of RMB 0.51 and narrowed 80 percent from the same period a year ago.

Nio's vehicle sales revenue for the second quarter was RMB 7.91 billion, higher than analysts' expectations of RMB 7.77 billion. Auto sales accounted for 93.6 percent of Nio's revenue in the second quarter, up from 92.8 percent in the first quarter.

Its second-quarter vehicle sales revenue increased 127 percent year-over-year, up 6.8 percent from the first quarter.

The company's overall gross margin was 18.6 percent in the second quarter, doubling from 8.4 percent in the second quarter last year, but below market expectations of 19 percent and 19.5 percent in the first quarter.

Its vehicle margin was 20.3 percent, up from 9.7 percent in the second quarter last year, but lower than the 21.2 percent in the first quarter this year.

Nio expects third-quarter revenue of RMB 8.91 billion to RMB 9.63 billion, largely above analysts' expectations of RMB 8.93 billion.

The company expects to deliver 23,000 to 25,000 electric vehicles in the third quarter, representing a 5 percent-14.2 percent increase in deliveries from the second quarter and an 88.4 percent-104.8 percent increase from the same period last year. Nio delivered 21,896 vehicles in the second quarter.

"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity," said William Li, founder, chairman and chief executive officer of Nio.

"Encouraged by the growing user demand, we remain committed to further expanding our power network, increasing our service and sales coverage, and more importantly, accelerating our product and technology development," Li said.

In addition to announcing key financial figures, Nio also revealed its plans for next year, saying it aims to deliver three Nio Technology Platform 2.0-based products in 2022, including its flagship sedan, the ET7, which was announced earlier this year.

"As the EV adoption begins to reach a tipping point worldwide, we believe it is imperative to speed up the launch of new products to provide more premium smart EV offerings with superior holistic services to the growing user base in the global market," Li said.

Ma Lin, senior director of corporate communications and director of public relations for Nio, said in his WeChat update that the move from delivering one new vehicle a year to three new vehicles a year is a remarkable demonstration of the competitiveness of the Nio system.

Nio did not provide more details about the new models, and the company will hold an investor conference call later today, where more answers are expected.