NIO's Q1 FY2024 net profit is -5.258 billion yuan, a decrease of 9.46% year-on-year.

2026-02-23 08:51:02

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On June 6th, NIO (stock code: NIO) announced its financial report, showing that the company’s net profit attributable to common shareholders for the first quarter of fiscal year 2024 was -5.258 billion yuan, a year-on-year decrease of 9.46%; operating revenue was 9.909 billion yuan, a year-on-year decrease of 7.19%.

NIO Group was established on November 28, 2014, under the laws of the Cayman Islands. They are a pioneer and leader in the high-end smart electric vehicle market. The company designs, develops, co-manufactures, and sells high-end smart electric vehicles, driving innovation in autonomous driving, digital technology, electric powertrains, and batteries. They differentiate themselves through continuous technological breakthroughs and innovations, such as industry-leading battery swapping technology, Battery-as-a-Service (BaaS), and their proprietary autonomous driving technology and Autonomous Driving-as-a-Service (ADaaS).

(Data source: Tonghuashun iFinD)

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