In its most recent 4QFY2024, Nio's loss jumped by 32.5% y-o-y to RMB7.1 billion, and increased by 40.6% q-o-q from the preceding 3QFY2024.
China-based electric vehicle maker Nio has reported a wider loss for its FY2024. From a net loss of RMB20.7 billion in its FY2023, net loss widened by 8.1% to RMB22.4 billion for its FY2024 ended Dec 31 2024.
Revenue in the same period was up 18.2% to RMB65.7 billion. Revenue from the sale of vehicles increased by 18.2% y-o-y to RMB58.2 billion.
