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NIO Reports Earnings Miss and Delivery Declines, Cautious Outlook for Q2

NIO Reports Earnings Miss and Delivery Declines, Cautious Outlook for Q2

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Ben Sparham
Jun 10, 2023
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Ben Sparham
Ben Sparham
NIO Reports Earnings Miss and Delivery Declines, Cautious Outlook for Q2
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In a recent announcement, the Chinese electric vehicle (EV) manufacturer, revealed its financial results for the first quarter of 2023. Despite reporting a rise in revenue, the company fell short of top-line expectations, leading to a decline in its stock price during premarket trading on Friday. Furthermore, NIO's management expressed concerns about de…

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