NIO's Q3 outlook: Deliveries are expected to increase significantly by more than 80%, and revenue may reach 19.52 billion yuan

News on August 30, last night, Weilai released its second quarter financial report for 2023, showing investors the performance of the quarter. NIO achieved revenue of 8.77 billion yuan in this quarter, a 14.8% decrease from the same period last year, and an 18% decrease from the first quarter. However, it is worth noting that despite the decline in revenue, NIO still maintains a strong momentum of innovation

The financial report also disclosed that NIO’s net loss was 6.055 billion yuan. At the same time, in terms of gross profit margin, the overall profit margin was 1%, of which automobile gross profit margin was 6.2%. This shows that despite the decline in revenue, the company is still working hard to improve the profitability of its business operations

Nio has also significantly increased its investment in research and development. According to the editor’s understanding, Weilai invested 3.34 billion yuan in research and development in the second quarter, a year-on-year increase of 55.6% and a month-on-month increase of 8.7%. This data shows that NIO continues to increase its investment in innovation and technology, laying a solid foundation for future products and services.

Regarding sales, Weilai delivered 23,500 new cars in the second quarter, a decrease of 6.1% compared with the same period last year, and a decrease of 24.2% compared with the previous quarter. This is mainly due to factors such as the incomplete switching of new and old models. However, in July, NIO's sales achieved astonishing growth, reaching 20,462 vehicles, a staggering 103.6% year-on-year increase. This shows that NIO's appeal and competitiveness in the market are gradually increasing

Regarding the outlook for the third quarter, NIO provided some guidance to investors. According to the company, delivery volume in the third quarter is expected to reach 55,000 to 57,000 units, with year-on-year growth expected to be between 74.0% and 80.3%. In terms of revenue, it is expected to be between 18.90 billion yuan and 19.52 billion yuan, with year-on-year growth between 45.3% and 50.1%. These data indicate that Weilai will continue to maintain strong growth momentum in the future

In addition, Weilai founder and CEO Li Bin revealed some important information during the earnings call. He said that the new NIO EC6 will be released and delivered in September. By then, all products of the second-generation technology platform will be switched, and the company's sales capabilities will also be improved. At the same time, NIO's sub-brand Alps plans to release its first product in the second half of next year, and the brand's products will focus on market competitiveness. Unlike NIO’s products, Alpine’s products will pursue higher sales. In addition, Alpine's second model is also under intensive development

Finally, Weilai will officially deliver its first mobile phone product in late September. Li Bin said that this phone will focus on Weilai users and provide a car-centered mobile Internet experience. He also emphasized that NIO’s mobile phones are not intended to compete with other mobile phone manufacturers, but to better coordinate with the company’s overall ecosystem. The phone will be consistent with the software experience in the car to meet user needs.

The above is the detailed content of NIO's Q3 outlook: Deliveries are expected to increase significantly by more than 80%, and revenue may reach 19.52 billion yuan. For more information, please follow other related articles on the PHP Chinese website!