- Nio Inc delivered a record 72,689 vehicles in the fourth quarter, within its guidance range of 72,000 to 75,000 vehicles.
- Nio had previously guided fourth-quarter revenue to be in the range of RMB 19.68 billion ($2.7 billion) to RMB 20.38 billion.
Nio (NYSE: NIO) announced today that it will report unaudited financial results for the fourth quarter and full year 2024 on Friday, March 21, before the US markets open.
The company's management will host an earnings call on March 21 at 8:00 am US Eastern time, or 8:00 pm Beijing time on the same day.
In the fourth quarter, Nio Inc delivered a record 72,689 vehicles, within the guidance range of 72,000 to 75,000.
Deliveries for the quarter increased 45.25 percent from 50,045 in the same period in 2023 and up 17.52 percent from 61,855 in the third quarter.
The Nio main brand delivered 52,760 vehicles in the fourth quarter, up 5.43 percent from 50,045 in the same quarter last year, but down 13.54 percent from 61,023 in the third quarter.
The Onvo sub-brand delivered 19,929 vehicles in the fourth quarter, up from 832 in the third quarter.
Onvo launched its first model, the L60, on September 19, 2024, and deliveries of the five-seat mid-size SUV (sport utility vehicle) began on September 28.
Last month, Onvo announced that its second model was named the L90 and that the SUV would be unveiled in the second quarter and would be officially launched in the third quarter.
For the full year 2024, Nio Inc delivered 221,970 vehicles, up 38.70 percent from 2023.
Nio previously guided fourth-quarter revenue to be in the range of RMB 19.68 billion ($2.7 billion) to RMB 20.38 billion, representing year-on-year growth of about 15.0 percent to 19.2 percent.
For participants wishing to join Nio's earnings call using dial-in numbers, they can register in advance using the link provided below and dial-in 10 minutes prior to the start of the conference.
The dial-in numbers, passcode and unique access PIN will be provided upon registration.
https://s1.c-conf.com/diamondpass/10045556-h7fg45.html
A replay of the conference call will be available until March 28 by dialing in at the following numbers:
United States: +1-855-883-1031
Hong Kong, China: +852-800-930-639
Chinese mainland: +86-400-1209-216
Singapore: +65-800-1013-223
International: +61-7-3107-6325
Replay PIN: 10045556
Nio making organizational changes to focus more on cost control, report says
($1 = RMB 7.2324)
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