On September 5th, Southern Finance and Economics reported that NIO released its Q2 2024 financial report, with both revenue and delivery reaching new highs: Q2 revenue reached 17.45 billion yuan, a year-on-year increase of 98.9% and a month on month increase of 76.1%; The delivery volume was 57400 units, a year-on-year increase of 143.9% and a month on month increase of 90.9%; The gross profit margin of the entire vehicle was 12.2%, an increase of 6 percentage points year-on-year and 3 percentage points month on month; R&D expenditure was 3.22 billion yuan, cash reserves were 41.6 billion yuan, and losses narrowed significantly by 16.7% year-on-year. NIO has provided the strongest single quarter delivery and revenue guidance in history: the delivery guidance for the third quarter is 61000 to 63000 units; The revenue guidance for the third quarter is between 19.11 billion yuan and 19.67 billion yuan, both of which have reached historic highs.