The Tesla challenger took a pandemic beating in Q1 and came close to a collapse last year, amid vehicle recalls over battery risks and slumping demand.Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. “With the strong momentum of quarterly deliveries, rise of average selling price, reduction of battery pack and other [compensation] costs and improvement of manufacturing efficiencies, our gross margin has substantially increased in the second quarter,” CEO William Li said on the company’s earnings conference call. NIO (ticker: NIO) lost about 16 cents a share—NIO reports figures in Chinese currency—from roughly $526 million in sales. Nio will, in turn, shift its China headquarters to Hefei.The cash-strapped electric SUV maker denies the $1 billion deal was a state bailout.Nio reported $1.6 billion in cash vs. $338.6 million at the end of Q1.Despite the surge in deliveries, operating expenses were $77.2 million, down 58% vs. a year earlier  and up 4.4% vs. Q1.Gross margin was a positive 8.4% in Q2 vs. -12.2% in Q1 and -33.9% a year earlier.But Nio stock vaulted in Q2 as Goldman Sachs saw an improving financial picture and strong word-of-mouth for its electric SUVs.

February 2020 was a really weak month for car sales (including New Energy Vehicles) in China , which also affected NIO . The business earned $1.37 billion during the quarter, compared to … Try for 3 weeks for only $19.95!What does Mark Minervini think of the current market? Over the short term, Wall Street and its Chinese equivalent run on Stock in Chinese electric-vehicle maker NIO fell hard on Tuesday after the company reported second-quarter sales that were better than expected.Copyright ©2020 Dow Jones & Company, Inc. All Rights ReservedThis copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/nio-stock-earnings-china-deliveries-electric-vehicles-51597155771What’s more, gross profit margins were better than management had told investors to expect. Expectations were high after a Looking ahead, NIO expects to deliver 11,000 to 11,500 vehicles in the third quarter, up more than 125% year over year. For the best Barrons.com experience, please update to a modern browser. In the year-earlier quarter, Tesla sent 95,200 million units.Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more.Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more.Nio shares continue to rally after the Chinese electric-vehicle producer's recent sales report.© 2020 TheStreet, Inc. All rights reserved. Why it’s important: Despite the growth, Nio will almost certainly miss its original annual sales target of 40,000 units as the embattled electric vehicle maker had achieved only 20% of the goal at the end of July. Q3. Authors may own the stocks they discuss.

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. Some of the core reasons for this include a crumbling Chinese auto market, plateauing Chinese EV sales, plunging demand for NIO’s vehicles, widening losses … Personal electric vehicles grew 38% to 70,000, also increasing from 67,000 in June.Tesla led in pure electric cars, with 11,041 vehicles delivered, according to CAAM. Fiscal year is January-December.

*Real-time prices by Nasdaq Last Sale. BYD began delivering the BYD Han EV, a Model 3 rival, last month, for a total of 1,205. We've detected you are on Internet Explorer. Total retail sales of Chinese vehicles rose 7.9% in July vs. a year earlier to 1.63 million, bouncing back from a decline in June, the China Passenger Car Association said.New energy vehicles, which include fully battery electric, plug-in and fuel-cell autos, rose 19% vs. a year earlier to 98,000, according to the China Association of Automobile Manufacturers. Sales of Nio’s new ES6 SUV model doubled in August following a lackluster first full month on the market, trade figures show. She covers Chinese mobility, autonomous vehicles, and electric cars. Latest news and trends about tech in China Sales of Nio’s new ES6 SUV model doubled in August following a lackluster first full month on the market, trade figures show. Realtime quote and/or trade prices are not sourced from all markets.Ownership data provided by Refinitiv and Estimates data provided by FactSet. Both numbers are better than analysts expected. The electric vehicle and battery maker reportedly has more than 30,000 preorders for the Han EV, but has said production constraints will limit Han EV output for a couple of months.The Xpeng P7, another Model 3 rival, reported 1,641 deliveries last month in its first full month.

NIO Inc. Reports First Quarter 2020 Financial Results 83 KB. Highlights of NIO's second-quarter earnings report NIO's second-quarter deliveries jumped 191% from the year-ago period to 10,331 vehicles, a record. NIO is much more than a car company. Nio expects to deliver 11,000 to 11,500 vehicles in Q3, with "current constraints on the productions will be lifted in the near future.

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