Nio Stock Slides After Q1 Results Despite Expected Surge in Q2 Ev Deliveries
Electrek 3:16 pm on June 6, 2024
NIO stock fell after its Q1 2024 earnings release, despite expectations of increased EV deliveries. The company's vehicle margins improved but remained lower than the previous quarter. NIO aims for over 5,000 units per month with their new Onvo brand and plans to expand further with additional models.
- NIO stock decline post-earnings
- Expectations of increased EV deliveries not met in Q1 2024
- Improved vehicle margins, yet lower compared to the previous quarter
- New Onvo brand with expected monthly deliveries over 5,000 units and planned product expansion
https://electrek.co/2024/06/06/nio-stock-slides-despite-expected-surge-q2-ev-deliveries/