On the evening of November 20th, NIO released its third quarter 2024 performance report, which showed that in the third quarter of this year, NIO achieved a revenue of approximately 18.674 billion yuan, a month on month increase of 7% and a year-on-year decrease of 2.1%; After adjustment, the net loss was approximately 4.413 billion yuan, a decrease of 2.7% month on month and an increase of 11.6% year-on-year.
According to the financial report, in the third quarter of 2024, NIO's overall gross profit margin increased to 13.1%, and its cash reserves increased to 42.2 billion yuan.