Chinese Tesla rival NIO has presented its results for the second quarter.
In the second quarter of 2023, NIO suffered a loss per share of CNY 3.70. Experts had expected EPS of -2.959 CNY after the Chinese electric car maker reported a loss per share of 1.68 CNY in the same period last year.
The Tesla rival’s revenue for the period was CNY8.772 billion. That was less than in the same quarter last year, when NIO still had a turnover of 10.292 billion CNY. Analysts had estimated sales for the quarter ended at CNY 9.165 billion.
Trading on the NYSE, NIO shares temporarily fell 6.56 percent to $10.30.
Editorial office finanzen.net
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