Shares of Chinese electric vehicle maker NIO Inc. (NIO) are rising more than 8% Friday morning after reporting improved sales in the first quarter, driven primarily by increased vehicle deliveries.
Total revenues were RMB10.677 billion or $1.555 billion in the first quarter, a 7.7% increase year-on-year.
NIO said vehicle deliveries were 31,041 in the first quarter, consisting of 10,430 premium smart electric SUVs and 20,611 premium smart electric sedans, an increase of 20.5% from comparable quarter last year.
The company, however, reported a loss of RMB4.804 billion or $699.5 million in the first quarter, wider than RMB1.825 billion in the year-ago quarter.
Loss per ADS was RMB2.91 or $0.42, compared with RMB1.12 last year. Excluding one-time items, loss per ADS was RMB2.51 or $0.36.
NIO is at $8.48 currently. It has traded in the range of $7.00 - $24.43 in the last 1 year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.