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Shanghai (Gasgoo)- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO), a Chinese smart electric vehicle manufacturer, has released its unaudited financial results for the fourth quarter (Q4) and full year of 2024, ending December 31. The company posted total revenues of RMB19,703.4 million for Q4 2024, reflecting a 15.2% increase year-over-year and a 5.5% rise from the previous quarter. Vehicle sales contributed RMB17,475.6 million, up 13.2% from Q4 2023 and 4.7% from the third quarter (Q3) of 2024. This growth was primarily driven by higher deliveries, although a shift in product mix led to a lower average selling price. NIO delivered 72,689 vehicles in Q4 2024, comprising 52,760 units under its premium NIO brand and 19,929 units under its family-oriented ONVO brand. This marked a 45.2% surge from the same period in 2023 and a 17.5% rise from Q3 2024. Photo credit: NIO The company's gross profit reached RMB2,308.9 million in Q4 2024, an 80.5% spike year-over-year and a 15% increase from the
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