NIO Inc ADR

NIO: XNYS (USA)
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Nio Earnings: Loss-Narrowing Trend Continues, but Volume and Margin Guidance Disappoint

Nio’s second-quarter revenue jumped 69% from last year, but missed the low end of previous guidance. Ongoing product mix optimization led to a 21% recovery in vehicle pricing and an 8-percentage-point improvement in vehicle margin, despite competition in the domestic market.

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