By Callum Keown
NIO was rising Tuesday even as the Chinese electric-vehicle maker's revenue fell short of expectations in the second quarter.
The Tesla rival reported revenue of 19 billion yuan ($2.67 billion), a 9% increase from the year-ago period, but that was below the 19.62 billion yuan expected by analysts surveyed by FactSet. NIO's deliveries surged 26% from the second quarter of 2024 to 72,056 but its vehicle margin fell to 10.3% from 12.2% a year ago.
The company posted an adjusted net loss of 25 cents per American depositary share, narrower than the loss of 31 cents estimated by analysts.
NIO's guidance of third-quarter revenue between $3.05 billion and $3.19 billion fell considerably short of the $3.39 billion expected by Wall Street.
NIO's American depositary receipts rose 2% to $6.50 in premarket trading Tuesday. Heading into regular trading, the stock has risen 46% in 2025.
Write to Callum Keown at callum.keown@dowjones.com
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(END) Dow Jones Newswires
September 02, 2025 06:26 ET (10:26 GMT)
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