Latest news from NIO.
On September 9th, the official WeChat account of NIO's legal department announced that it has recently noticed some self media deliberately smearing and spreading rumors about the NIO brand and users, infringing on the legitimate rights and interests of NIO and users, and seriously affecting the normal operation of the company. It has been sued and filed by the court, and some cases have been judged and compensated.
NIO's legal department stated that it has noticed that some areas have been severely affected by the super typhoon "Capricorn". We have donated part of the compensation obtained from our rights protection through the NIO User Public Welfare Foundation to assist in the relief work related to the disaster caused by "Capricorn" typhoon.
Meanwhile, NIO emphasized that it will continue to donate the compensation obtained for safeguarding its rights to support charitable and public welfare undertakings.
On August 5, 2023, NIO's legal department announced that the NIO User Public Welfare Foundation has officially signed a contract with the Anhui Provincial Charity Federation to establish a public welfare fund, jointly focusing on social welfare such as education and elderly care. The first batch of donations has been completed, and the source of the donations is the compensation received by NIO's legal department since last year to safeguard NIO and user rights.
In terms of performance, 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.