Meanwhile, revenue for the period saw a 2.1% y-o-y decrease to RMB18,673.5 million. This came on the back of lower vehicle sales, which saw a 4.1% y-o-y decrease to RMB16,697.6 million, due to lower average selling price as a result of changes in product mix.
Electric vehicle maker Nio Inc. has reported a loss of RMB5.1 billion ($953 million) for the 3QFY2024 ended September, up 11.1% y-o-y from the same period last year.
Loss per share for the period stood at RMB2.50, up from a loss per share of RMB2.67 for 3QFY2023.
