Chinese EV maker Nio reports quarterly loss, slimmer margin

Nio ES6 2.jpg — Nio's ES6 at the Shanghai auto show this year

By:

Bloomberg

August 30, 2023 01:51 PM

Chinese electric carmaker Nio reported a wider-than-estimated loss in the second quarter as vehicle deliveries came in at the low end of the company’s target.

Featured Stories

Nissan holds off on job cuts in Tennessee amid tariff threat as U.S.-built Rogues gain currency

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Trump’s tariffs challenge Korea and other industry friends

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Dealership buy-sell database updates: Top 150 groups included in 10 deals across eight states

Nissan holds off on job cuts in Tennessee amid tariff threat as U.S.-built Rogues gain currency

Tesla sales lag again in key European markets in March amid Musk protests

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Staying current is easy with newsletters delivered straight to your inbox.

See More in China

South Korea’s KG Mobility signs deal to develop SUVs with Chery platform

Stellantis-backed Leapmotor becomes top-seller among Chinese EV startups in March

Tesla China deliveries slide 11% in March as global rout deepens

EV startup Li Auto to open-source its vehicle operating system

Staying current is easy with newsletters delivered straight to your inbox.