"Nio's Q4 Revenue Declines, Guides Q1 Deliveries, and Narrows Losses Amid Intensifying EV Battle"

Nio's fourth-quarter revenue surpassed expectations despite a decline in vehicle deliveries, reaching RMB 17.1 billion. However, its gross margin fell short at 7.5 percent, missing analysts' 10.2 percent estimate. The company reported a net loss of RMB 5.37 billion, with a non-GAAP adjusted net loss of RMB 4.8 billion. Nio guided first-quarter vehicle deliveries to be in the range of 31,000 to 33,000 units and expects a revenue range of RMB 10.499 billion to RMB 11.087 billion. Additionally, new spy shots of the Nio Alps model have been revealed as the company aims to compete with the Tesla Model Y.