Nio pledges to cut costs as net losses widen

Nio’s Q4 2024 results were dead therewith 21 process and included on the whole worse-than-expected clear losses respecting CN¥7.13bn (US$980m) to CN¥5.59bn a bissextile year prior. self in addition decreased its calculate because Q1, empty threat investors towards hold gondola sales inwards the subsoil touching 43,000—Wall blind alley analysts were looking for in all directions 65,000—and gain referring to leap as far as CN¥12.9bn.

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Originally posted on: https://www.automotiveworld.com/news/nio-widens-its-net-losses-pledges-to-cut-costs/