China’s Nio expects Q2 EV sales to more than double

By Thomson Reuters Jun 6, 2024 | 5:36 AM

SHANGHAI (Reuters) – Chinese electric vehicle maker Nio said on Thursday that it expected its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000.

Revenue in the three-month period starting April would also nearly double to about $2.3 million, the company added.

Nio also saw its net profit in the first quarter grow 9.4% from the same period in 2023.

(Reporting by Zhang Yan, Kevin Krolicki; Editing by Tomasz Janowski)