NIO Inc. revealed on Tuesday that its total revenue in the first quarter of its fiscal 2025 came in at 12 billion yuan (around $1.7 billion), soaring 21.5% compared to the same timeframe in 2024.
In the three months ending March 31, net loss attributable to ordinary shareholders of NIO stood at 6.9 billion yuan, expanding from 5.3 billion yuan registered in the same period a year ago. In addition, in the reported trimester, net loss per diluted share amounted to 3.29 yuan, up from a net loss of 2.57 yuan recorded in the same three-month period in 2024.
"In the first quarter of 2025, the Company delivered 42,094 smart electric vehicles, marking a solid year-over-year increase of 40.1%. ince the beginning of the second quarter, we have seen a steady increase in monthly delivery volume," CEO William Bin Li said.
NIO's United States-listed shares declined 2.27% in the premarket following the release of the report.
