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Investing.com -- Nio (NYSE:NIO) shares slipped nearly 2% in premarket trading Tuesday after the Chinese electric vehicle (EV) manufacturer reported a first-quarter loss of RMB3.01 per share, wider than the loss of RMB2.51 per share that analysts expected.
Revenue for the period came in at RMB12.03 billion, up 21.5% year-over-year, but short of the RMB12.51 billion consensus estimate.
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Nio delivered 42,094 vehicles during the quarter, 40.1% year-over-year higher than in the same period last year.
“Since the beginning of the second quarter, we have seen a steady increase in monthly delivery volume. In April, our new products, the ET9 and firefly, have secured notable market shares in the premium executive market and high-end small electric car market respectively,” said William Bin Li, founder, chairman, and CEO of Nio.
For the second quarter of 2025, the company forecasts revenue between RMB19.51 billion ($2.69 billion) and RMB20.07 billion ($2.77 billion), projecting a year-over-year increase of approximately 11.8% to 15.0%.
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