Summary by Moomoo AI
NIO Inc. announced its fourth quarter and annual results for 2024. The total revenue for the year of 2024 was 65.732 billion yuan, an 18.2% year-on-year growth; the total delivery volume of Autos reached 221,970 units, a 38.7% year-on-year increase. The gross margin for the year was 9.9%, an increase of 440 basis points compared to 5.5% in 2023; the net loss for the year was 22.402 billion yuan.In the fourth quarter, revenue reached 19.703 billion yuan, a 15.2% year-on-year increase; Autos delivered were 72,689 units, a 45.2% year-on-year growth. Among them, NIO brand high-end Asia Vets accounted for 52,760 units, and the Lador brand family Asia Vets accounted for 19,929 units. The quarterly gross margin rose to 11.7%, significantly up from 7.5% in the same period last year.Show More
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