On September 5th, NIO released its Q2 2024 financial report, with both revenue and delivery reaching new highs: Q2 revenue was 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. During the period, R&D expenditure was 3.22 billion yuan, and cash reserves were 41.6 billion yuan. NIO expects a delivery target of 61000 to 63000 units and a revenue target of 19.11 billion to 19.67 billion yuan for the third quarter, both of which are historic highs.