Nio released its latest delivery outlook for the first quarter of 2024. The company expects to deliver approximately 30,000 vehicles in the first quarter of 2024, compared with the previous expectation of 31,000 to 33,000 vehicles. After the news was released, Weilai’s US stock price fell by more than 3% before the market opened.
NIO will deliver 10,055 vehicles in January 2024 and 8,132 vehicles in February. According to the latest official expectations, approximately 11,813 vehicles are expected to be delivered in March.
For the whole year of 2023, NIO's total revenue hit a new high of 55.62 billion yuan, a year-on-year increase of 12.9%; its net loss was 20.7198 billion yuan, an increase of 43.5% compared with 2022.
On March 21, Li Auto, also the leader of new forces, announced that due to lower than expected sales orders, it now expects its vehicle delivery volume in the first quarter of 2024 to be 76,000 to 78,000 vehicles. The previous delivery forecast was 100,000 to 100,000 vehicles. 103,000 vehicles.
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