While NIO achieved record deliveries and positive cash flow, challenges such as decreased revenues, increased losses, and tariff impacts in Europe highlighted potential risks. However, strategic investments and product expansions indicate a positive outlook.

Company Guidance

During NIO's Third Quarter 2024 Earnings Conference Call, the company provided several key metrics and guidance. NIO achieved a quarterly record of 61,855 vehicle deliveries, maintaining its position as the leading brand in China's BEV segment priced above RMB300,000, with a market share of 48%. The company expected total deliveries in the fourth quarter to be between 72,000 and 75,000 units. NIO's vehicle margin improved to 13.1% in Q3, and the company anticipated a further increase to 15% by Q4. For the ONVO brand, NIO planned to ramp up production to a monthly capacity of 10,000 units in December and 20,000 units by March 2025. NIO also announced plans to introduce its third brand, Firefly, which will debut globally on NIO Day 2024, expanding its product lineup to target the boutique compact car market. Moreover, NIO's smart driving technology had been activated by 78.4% of its 610,000 users, collectively driving over 1.39 billion kilometers. Financially, NIO reported Q3 revenues of RMB18.7 billion, a 2.1% decrease year-over-year but a 7% increase quarter-over-quarter. The company ended the quarter with RMB42.2 billion in cash and equivalents, bolstered by a recent RMB3.3 billion investment agreement with strategic investors.

Record Deliveries

NIO achieved a new quarterly record with 61,855 deliveries and maintained its position as the top-selling brand in China's BEV segment priced above RMB300,000, with a market share reaching 48%.

Positive Operating Cash Flow

The company achieved positive operating cash flow and free cash flow in Q3.

Improved Gross Margin

The vehicle margin improved to 13.1% from 12.2% last quarter, and the overall gross margin increased to 10.7% from 9.7%.

Strategic Investment Secured

NIO China signed a new investment agreement, securing RMB3.3 billion from strategic investors, reinforcing the balance sheet.

Expansion and New Product Launch

NIO plans to launch its third brand, Firefly, in December and expects its first product delivery in the first half of next year. The ONVO L60 entered the market, and production capacity is expected to reach 20,000 units by March.

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NIO Inc. Class A (HK:9866) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HK:9866 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 11, 2025	2024 (Q4)	-2.60 / -	-3.053	―	―	―
Nov 20, 2024	2024 (Q3)	-2.10 / -2.30	-2.495	7.82% (+0.20)	―	―
Sep 05, 2024	2024 (Q2)	-2.40 / -2.43	-3.53	31.25% (+1.10)	―	―
Jun 06, 2024	2024 (Q1)	-2.38 / -2.58	-2.762	6.73% (+0.19)	―	―
Mar 05, 2024	2023 (Q4)	-2.61 / -3.05	-3.5	12.77% (+0.45)	―	―
Dec 05, 2023	2023 (Q3)	-2.79 / -2.50	-2.284	-9.24% (-0.21)	―	―
Aug 29, 2023	2023 (Q2)	-3.23 / -3.53	-1.509	-133.93% (-2.02)	―	―
Jun 09, 2023	2023 (Q1)	-3.14 / -2.76	-0.928	-197.63% (-1.83)	―	―
Mar 01, 2023	2022 (Q4)	-2.08 / -3.50	-1.316	-165.96% (-2.18)	―	―
Nov 10, 2022	2022 (Q3)	-1.37 / -2.28	-0.439	-420.27% (-1.84)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HK:9866 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2024	HK$37.80	HK$36.40	-3.70%
Sep 05, 2024	HK$33.70	HK$34.10	+1.19%
Jun 06, 2024	HK$41.60	HK$41.20	-0.96%
Mar 05, 2024	HK$44.50	HK$42.50	-4.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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