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Tesla's Chinese Rival Nio Warns Of Disappointing Q1 Results: Deliveries, Revenue Set To Miss Estimates

Benzinga LogoBenzinga1w ago

Tesla's Chinese Rival Nio Warns Of Disappointing Q1 Results: Deliveries, Revenue Set To Miss Estimates - Benzinga

Quick Summary:

What Happened: The Chinese electric vehicle manufacturer anticipates delivering up to 43,000 vehicles by March 31, with projected revenue of approximately 12.9 billion yuan ($1.8 billion), according to a report by Bloomberg.

Despite over a decade in the market, Nio continues to face challenges in achieving full-year profitability, primarily due to high research and development expenses and significant operational costs.

On Friday, Tesla Inc’s Chinese rival Nio Inc. (NYSE:NIO) informed investors to expect underwhelming first-quarter results.

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 06:16:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27270364

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 15 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://chronographically.beamstart.com/news/teslas-chinese-rival-nio-warns-17427972625827

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