Earnings And Sales GrowthStrong pre-sale orders suggest the L60 sales target is achievable, with forecasted sales to reach about 20k units, representing 40% year-on-year growth.
Financial Performance2Q24 revenue surged 99% year-on-year to Rmb17.4bn, largely driven by a 144% year-on-year increase in vehicle sales to 57.4k, beating management target.
Global ExpansionNIO announced collaborations with CYVN Holdings, including plans to build an R&D centre in Abu Dhabi and expand sales points into the Middle East and North Africa region.