Kuaifu Technology reported on November 21 that a few days ago, NIO Automobile released its third-quarter financial report.
The third-quarter revenue was 18.
67 billion yuan, a month-on-month increase of 7% and a year-on-year decrease of 2.1%. the adjusted net loss was approximately 4.
413 billion yuan, a month-on-month narrowing by 2.
7%, a year-on-year increase of 11.6%. free cash flow turned positive, and cash reserves increased to 42.
2 billion yuan.
NIO founder Li Bin said at a telephone conference on the third quarter of 2024 results that starting next year, NIO will enter a new round of product cycles, the Lexus and Firefly brands will have new product deliveries, and the company will enter a faster growth stage.
, Li Bin also explained the main reason for the loss in the third quarter.
Li Bin said,”In the short term, NIO has basically maintained a relatively high R & D expenditure in terms of R & D investment.
” Due to the increase in the number of Ledao stores and the implementation of county-to-county technology for changing electricity, NIO’s cost investment continues to increase, which is also a certain pressure on profits.
However, NIO is still confident that losses will continue to narrow.
NIO’s goal is to achieve 100% sales growth in 2025 and achieve profit in 2026.
Industry data shows that from 2018 to 2023, NIO has accumulated losses of 86.
63 billion yuan.
Coupled with the losses in the first half of 2024, NIO’s net loss to its parent has exceeded 96 billion yuan in the past six and a half years.
However, it is NIO’s continuous investment in R & D, user service systems and power exchange stations regardless of cost that allows NIO to gain two major moats: high-end user service experience and power exchange.
, Official data shows that in the first nine months of this year, NIO sold a total of 149,200 vehicles.
In the high-end pure electricity market with an average transaction price of more than 300,000 yuan, NIO’s share exceeded 40%.
In terms of energy replenishment infrastructure construction, as of November 15, NIO has built 2659 power exchange stations.
There are 24092 charging piles, and the number of completed charging piles ranks first among domestic automobile companies.
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