Al Root

NIO stock fell Tuesday after the Chinese electric-vehicle maker reported a wider-than-expected first-quarter loss. Growth was OK but competition continues to pressure profits.

NIO on Tuesday announced a per-share loss of 45 cents from sales of $1.7 billion. Wall Street was looking for a loss of 35 cents from sales of $1.7 billion.

A year ago, NIO reported a per-share loss of 33 cents from sales of $1.3 billion. Earnings were lower as sales rose, partly due to rising competition, which has been pressuring prices for new EVs and profit margins for EV makers.

NIO delivered 42,094 vehicles in the first quarter, up from 30,053 delivered a year earlier. Deliveries grew by about 40%, while sales increased by about 22%.

Shares were down 1.4% to $3.47. S&P 500 and Dow Jones Industrial Average futures both were down 0.2%.

Looking ahead, NIO expects to deliver 72,000 to 75,000 cars in the second quarter. It delivered 47,131 vehicles in April and May, implying June deliveries of about 26,000 cars. NIO delivered 21,209 vehicles in June 2024 and 57,373 in the second quarter of 2024.

Second-quarter revenue is expected to be about $2.7 billion. Wall Street projects closer to $2.8 billion.

Growth looked solid but not as solid Wall Street would like.

Coming into Tuesday, NIO stock has fallen about 20% this year and has declined about 32% over the past year.

Write to Al Root at allen.root@dowjones.com

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June 03, 2025 08:08 ET (12:08 GMT)

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