Chinese Tesla competitor NIO warns of disappointing Q1 results: delivery operations, revenue is scheduled to miss estimates – NIO (NYSE: NIO)

Friday, Timing Inc Chinese competitor NIO Inc. New Informed investors expect results in the first quarter.

What happened: The Chinese electric car manufacturer expects to provide up to 43,000 cars by March 31, with expected revenues of about 12.9 billion yuan ($ 1.8 billion), according to a report By Bloomberg. The expected market expectations of 65,000 units and 17.8 billion yuan ($ 2.46 billion) of revenue.

Financial Director Stanley Koy The company’s commitment to strengthening profitability has confirmed through the cost discounts driven by technological developments.

Despite more than a decade in the market, NIO continues to face challenges in achieving profitability throughout the year, mainly due to the high search and development expenditures and large operating costs.

See also: Tesla recorded the highest trade amid a violent reaction against CEO Elon Musk, an increase in sabotage

while Amprex Technology Co. Ltd. He recently agreed to invest up to 2.5 billion yuan in a battery exchange network with NIO, the consumer of this method of re -charging is still not certain.

NIO has also received funding from strategic investors, including 3.3 billion yuan ($ 455.22 million) investment of government -backed HEFEI funds and $ 2.94 billion in injection of Abu Dhabi’s Cyvn Holdings in 2023.

Why do it matter: To enhance sales, NIO has provided new brands, ONVO and Firefly, and restructuring their operations. The company plans to launch nine new or renewed models this year, with the aim of increasing its total margin.

CEO William to me It is aimed at profitability by Q4 2025 solutions and double sales to about 440,000 cars this year.

The warning from NIO comes amid a competitive scene in the electric car sector. Earlier this month, NIO reported that it was missing its revenue estimates in the fourth quarter, although an increase of 15.2 % on an annual basis. The company also informed a greater loss than for each share, highlighting the continuous financial challenges.

NIO has a 56.47 % momentum and 81.50 % growth classification, according to the Royal Edge Rating in Banznaga. The Benzinga growth scale assess the historical profits of the stock and expand revenues over multiple time frames, giving priority to both long -term trends and modern performance. For an in -depth report on more shares and visions of growth opportunities, subscribe to Benzinga Edge.

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