On the evening of June 6th, NIO (stock price of $527, market value of $10.99 billion) released its financial report for the first quarter of 2024. The company achieved a revenue of 9.91 billion yuan in the first quarter of 2024, a gross profit margin of 9.2% for vehicles, and a cash reserve of 45.3 billion yuan.
For the outlook for the second quarter of 2024, NIO has provided delivery guidelines of 54000 to 56000 vehicles, a year-on-year increase of 129.6% to 138.1%; The revenue guidance was 16.59 billion to 17.14 billion yuan, a year-on-year increase of 89.1% to 95.3%.