- NIO Inc. (SGX:NIO)’s 2Q22 revenue grew 22% y-o-y to RMB10.2bn, at the upper range of the company’s guidance, driven by 14% electric vehicles (EV) delivery growth and better product mix (vehicle ASP +6% y-o-y).
- - Read this at SGinvestors.io -
- SG&A (Selling, General, and Administrative) expenses rose 79% y-o-y (+15% q-o-q) to RMB4.19bn due to higher personnel costs, marketing and promotional expenses and R&D expenses ahead of the launches of the electric SUV (eSUV) ES7.
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
Ray KWOK CGS-CIMB Research | https://www.cgs-cimb.com 2022-09-08
Read also CGS-CIMB's most recent report:
2023-12-06 NIO Inc - Profitability To Further Improve In FY24.
Previous report by CGS-CIMB:
2023-09-08 NIO Inc - EV Deliveries Set To Accelerate In 3Q/4Q23.
Price targets by 2 other brokers at NIO Target Prices.
Listing of research reports at NIO Analyst Reports.
Relevant links:
NIO Share Price History,
NIO Announcements,
NIO Dividends & Corporate Actions,
NIO News Articles
