On the evening of March 5th, as of press release, NIO Auto, a US stock, turned red. As of press release, it rose 0.92%, after a drop of over 8%.
On March 5th, NIO released its financial reports for the fourth quarter and full year of 2023. In the fourth quarter, NIO's revenue was 17.10 billion yuan, a year-on-year increase of 6.5%; Net loss of 5.368 billion yuan; The gross profit margin of the entire vehicle is 11.9%; Cash reserves amounted to 57.3 billion yuan, a significant increase of 12.1 billion yuan compared to the previous quarter; Research and development expenditure reached 3.97 billion yuan, exceeding 3 billion yuan for five consecutive quarters.
In 2023, NIO's total revenue reached a record high of 55.62 billion yuan, a year-on-year increase of 12.9%; The annual R&D expenditure was 13.43 billion yuan. In the fourth quarter, a total of 50045 units were delivered, a year-on-year increase of 25.0%, and 160038 units were delivered throughout the year, a year-on-year increase of 30.7%.
On March 1st, NIO Motor announced its February performance report, delivering 8132 new cars in February, a decrease of 19% compared to the previous month. This includes 4765 high-end intelligent electric SUVs and 3367 high-end intelligent electric sedans. As of February 29th, NIO has delivered a total of 467781 vehicles.
Data shows that NIO's delivery volume in February this year decreased by 33% year-on-year. Last February, NIO delivered 12157 new cars.