NIO

Chinese electric-vehicle maker NIO reports a fourth-quarter loss of 51 cents a share on revenue of $2.33 billion.

[reported](https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-reports-unaudited-fourth-quarter-and-full-3) a fourth-quarter loss of 51 cents a share on revenue of $2.33 billion. What’s more, guidance for the first quarter was well below what Wall Street expected. ](https://www.barrons.com/market-data/stocks/nio)

Nio's (NIO -5.96%) American depositary shares plunged by as much as 6.6% Wednesday morning after the Chinese electric vehicle (EV) maker released its ...

That suggests that Nio is losing market share to its domestic rivals, a risk that is more of a concern to its investors than the macro issues that have been impacting the entire sector. That implies it will ship approximately 10,000 to 12,000 units in March, and the quarter's total will drop sharply from the more than 40,000 EVs it delivered in the fourth quarter. The consensus forecast among analysts was for Q1 revenue of about $2.5 billion. More than 7,000 of those were the smart sedan models that Nio just launched last year. The morning's drop extends a month-long trend that has now seen the shares decline by more than 25%. Wall Street analysts had been expecting a loss of $0.26 per share on sales of about $2.5 billion.

CHINESE electric vehicle (EV) maker Nio posted a net loss of just over 5.8 billion yuan (S$1.1 billion) for the fourth quarter of 2022, more than double its ...

Nio earnings showed the scale of challenges facing the embattled EV startup. But Nio stock rose after it reported February sales .

[LI](https://research.investors.com/quote.aspx?symbol=LI)) popped 4.3% Wednesday, continuing to bounce from its 50-day line. Outlook: For the current first quarter, Nio guided revenue of $1.584 million-$1.674 million. LI stock [extended its post-earnings rally](https://dash.parsely.com/investors.com/posts/N9wTGO9XpGa-chinese-luxury-ev-maker-gives-bullish-delivery-revenue-guidance/?minutes=1440) on upbeat delivery and revenue guidance Monday. After a four-week slide into earnings, Nio stock is back near October's two-year lows. an estimated loss of 97 cents in 2022. In fiscal 2023, Wall Street expects Nio to lose 66 cents per share vs. That was down from $7.2 billion at the end of September. The startup guided 31,000-33,000 EV deliveries in a seasonally weak Q1. That would be up 20.3%-28.1% from a year ago but below Q4's 40,052 EV deliveries. Nio stock slumped soon after the open. That was well off initial guidance of 43,000-48,000 EVs, due to Covid-fueled supply disruptions and operational issues. Both vehicle margin and gross margin fell sharply vs.

Nio (NYSE:NIO) shares slumped on Wednesday after net losses accelerated in the fourth quarter. The Chinese EV manufacturer posted an adjusted RMB 5.07B loss ...

Additionally, vehicle margin contracted sharply to 6.8% in Q4 as compared with 20.9% in the fourth quarter of 2021 and 16.4% in the third quarter of 2022. “The decrease of vehicle margin from the third quarter of 2022 was mainly due to the increased inventory provisions, accelerated depreciation on production facilities and the losses on purchase commitments for the existing generation of ES8, ES6 and EC6.” Management forecast deliveries between 31,000 and 33,000 in Q1, representing an increase of approximately 20.3% to 28.1% from Q1 2022. CEO William Li indicated that gross margin will likely return to normal, 18% to 20% levels by Q4 as input costs decline and the delivery of higher price autos picks up into the year. The Chinese EV manufacturer posted an adjusted RMB 5.07B loss for the quarter, wider than the RMB 3.5B loss in Q3 and a RMB 1.75B loss in Q4 2021. (NIO)](/symbol/NIO?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ANIO)By: [Kevin P.

By Senad Karaahmetovic. Chinese electric vehicle (EV) maker Nio (NYSE:NIO) reported worse-than-expected Q4 results today. Still, shares trade about 1% ...

Revenue increased by 62% year-over-year to 16.06B yuan ($2.34B), again missing the 17.1B yuan consensus. "2022 was a year of decisive investments and accelerated global market entry for NIO," added Steven Wei Feng, NIO's chief financial officer. Revenues are seen between 10.93B yuan and 11.54B yuan. Nio reported an adjusted loss per share of 3.07 yuan ($1 = CNY6.8703), worse than the expected loss of 1.93 yuan per share, as total operating expenses surged to 7.36 billion yuan. [NIO](/equities/nio-inc)) reported worse-than-expected [Q4 results](/equities/nio-inc-earnings) today. Chinese electric vehicle (EV) maker Nio (NYSE:

By Yifan Wang Shares of NIO Inc. fell on Thursday, after the Chinese electric-car maker's fourth-quarter earnings missed estimates.

NIO attributed the drop in profit partly to higher battery costs during the period. The worse-than-expected bottom line has been a result of severe margin deterioration. Citi analysts in a note said the margin reading "hugely surprised on the downside."

Nio's stock plunged over 12% as of Thursday, hitting a historic low of HK$69.1 during the morning session. This followed the company's report of a dismal.

This marked a significant increase compared to the loss of RMB 2.2 billion a year earlier and fell short of Wall Street’s estimate of RMB 3.6 billion, according to analysts surveyed by FactSet. This followed the company’s report of a dismal fourth quarter, which ended with a loss of RMB 5.85 billion ($851.6 million). Sales rose 62.2% year-on-year to RMB 16 billion in the three months from October to December. Gross margin also fell to just 3.9% from a relatively healthy 17.2% a year earlier, which the electric vehicle maker attributed in part to lower deliveries of an aging product lineup and rising battery costs, among other reasons. Nio’s stock plunged over 12% as of Thursday, hitting a historic low of HK$69.1 during the morning session.

China-based EV company Nio finished 2022 with growing revenue and more loss from operations. It said the increased loss was largely because of the lower ...

Li said Nio targets a gross margin between 18% and 20% and is confident in reaching the goal. He explained that the margin growth will benefit from new vehicle deliveries and raw material prices decrease, including those of chips. The CEO also said Nio will have new battery suppliers in 2023. It said the increased loss was largely because of the lower order forecast for existing models, as new model deliveries will start in the second quarter. William Li, Nio's founder and CEO, said as China lifted COVID restrictions, the component shortage is no longer the issue. The modification resulted in increased inventory provisions, accelerated depreciation on production facilities, and losses on purchase commitments for the current models.

Stock of Chinese electric-vehicle maker Nio dropped 6% yesterday on the New York Stock Exchange (NYSE) after reporting net losses of US$838.9 million in Q4 ...

It isn't just EV names: Chinese stocks are roaring higher after encouraging economic data.

](https://www.barrons.com/market-data/stocks/nio) ](https://www.barrons.com/market-data/stocks/xpev) ](https://www.barrons.com/market-data/stocks/li)

THE following companies saw new developments that may affect trading of their securities on Thursday (Mar 2):

Call Participants. Prepared Remarks: Operator. Hello, ladies and gentlemen. Thank you for standing by, and welcome to the NIO Inc. fourth-quarter 2022 earnings ...

For each of our products in our portfolio, we believe when we look at the features and functions and the performance of those products, as well as the user benefits. And I think that, this is consistent of branding and the pricing strategy because of low pricing is not a part of the strategy or the DNA of the new brand. The overall target for the company is that for the group, we still aim to achieve a breakeven for the company in 2024. So, aiming to that for the fourth quarter of this year of a target is that put aside the investment for the strategic NIO businesses. [Foreign language] Regarding the investment for the new strategic -- for the strategic new businesses, for the full year, we estimate that this will be around 4 billion RMB to 5 billion RMB. Actually, this is a little bit late compared with our previous plan because of the previous plan is that in the second quarter of this year, we are going to deliver all the five new models. And in terms of the product launch cadence and of a new brand, everything is on track according to our plan. So, at the same time, when it comes to the specific quarter, that is the first quarter of this year, we will also see that EC5 contribute as a large portion of the overall vehicle delivery, which will also affect the gross margin in the first quarter. And for SG&A, as mentioned by William, along with the start of user delivery of our NIO NT2.0 product in Q2, we think our sales efficiency will be improved gradually, and the ratio effecting versus sales revenue is expected to drop significantly. [Foreign language] So, for the first quarter of this year, we believe that we're going to face more pressure on the vehicle gross margin, considering the overall situation because this is a transitional period for the company when it comes to the vehicle sales because we are transitioning into a new technology platform for our product portfolio to the NT2.0. The increase in other sales year over year was mainly due to the increase of revenue from rendering of research and development services and increase in other revenues in line with the incremental vehicle sales. More specifically, vehicle margin in the fourth quarter was 6.8%, compared with 20.9% in the fourth quarter of 2021 and 16.4% in the third quarter of 2022.

XPeng also reported results that missed expectations but its stock still rallied, so did Li Auto shares. NIO's ET5 midsize electric sedan. NIO Inc.

China’s Shanghai Composite Index +3.81% [SHCOMP,](/investing/index/SHCOMP?countryCode=CN&mod=MW_story_quote)climbed 1.0% overnight and -0.05% [Hong Kong’s Hang Seng Index](https://www.marketwatch.com/data-news/hong-kong-stocks-rally-as-nikkei-225-increases-58cb630c-fc7c81426f15?mod=article_inline) [HSI,](/investing/index/HSI?countryCode=HK&mod=MW_story_quote)surged 4.2%. [XPEV, -0.67%](/investing/stock/XPEV?mod=MW_story_quote)and Li Auto Inc. The company said it delivered 6,010 EVs in February, up 15% from January, but “2022 was a year of decisive investments and accelerated global market entry for NIO,” said Chief Financial Officer Steven Wei Feng. In comparison, U.S.-based rival Tesla Inc.’s stock shares [LI,](/investing/stock/LI?mod=MW_story_quote)gained ground, as China’s stock markets surged following strong economic data and after Hong Kong lifted its mask mandate. Shares of NIO Inc. And Li Auto shares climbed 3.0% after the company reported February deliveries of 16,620 vehicles, up 9.8% from January and 97.5% more than it delivered a year ago. [down 3.5% from a year ago](https://ir.xiaopeng.com/news-releases/news-release-details/xpeng-announces-vehicle-delivery-results-february-2022). For the first quarter, NIO expects revenue of between RMB10.93 billion and RMB11.54 billion, below the current FactSet consensus of RMB17.38 billion, and deliveries of between 31,000 and 33,000 EVs, up 20.3% to 28.1% from a year ago. Deliveries jumped 60% from a year ago to 40,052 EVs, consisting of 20,824 electric sport-utility vehicles (SUVs) and 19,228 electric sedans. [NIO, -5.96%](/investing/stock/NIO?mod=MW_story_quote)had traded up about 7% in the premarket just after the electric vehicle maker reported results, but was slumping 5.1% in morning trading, putting it on track for the lowest close since July 2020.

Investors have been watching the electric vehicle industry closely, and with so much attention on the Chinese EV market in particular, companies like Nio (NIO - ...

That suggests that the business has been able to outlast the hype and put itself in position to generate real results for long-term shareholders. Monthly active users climbed 43% year over year to 60.7 million, while the number of daily active users climbed by 62% to 16.3 million. However, its gross margin plunged from 17.2% a year ago to just 3.9% in the most recent quarter, and that caused its adjusted net losses to rise to $734 million, nearly triple the amount of red ink it spilled in the fourth quarter of 2021. Financially, Duolingo saw revenue of $103.8 million, up 42% from the prior-year period. Even as it touts advances in technology and vehicle features, the fact remains that Nio operates in a highly competitive niche, and it will have to keep standing out to retain any chance of remaining a leader in China's EV market. The report Nio released early Wednesday showed both the growth potential for China's EV industry and the strains that currently plague it, and investors seem less convinced about the prospects for any single manufacturer of electric vehicles.

(Yicai Global) March 2 -- Nio's stock price plunged after the Chinese electric vehicle startup saw its net loss widen 259 percent and gross margin almost ...

It expects deliveries to increase 20 percent to 28 percent from a year ago to between 31000 and 33000 units. 31, mainly because of a 170 percent increase in the fourth quarter to CNY6.8 billion from a year earlier, the Shanghai-based firm's earning report showed yesterday. Nio's gross margin narrowed 8.5 percentage points to 10.4 percent in 2022, compared with Tesla's gross margin of 25.6 percent. In pre-market trading in New York, its stock [NYSE: NIO] was down 0.8 percent at USD8.76 as of 6.44 a.m. Nio [HKG: 9866] sank 13.2 percent to close at HKD69.20 (USD8.82) a share in Hong Kong today. The net loss tallied CNY14.4 billion (USD2.1 billion) in the 12 months ended Dec.

Wall Street didn't like what Chinese electric vehicle maker NIO NIO –5.96% had to say on its fourth quarter earnings call on Wednesday. The stock caught a ...

[results](https://www.barrons.com/articles/nio-earnings-stock-price-a0b6cc13?mod=md_stockoverview_news&mod=article_inline). The cuts have shares down again Thursday after they fell following ](https://www.barrons.com/market-data/stocks/nio)