NIO on Bollywood ArchivesTuesday reported an 11% margin on vehicle sales in the third quarter to Sept. 30, up from 6.2% three months earlier and driving its total gross margin to 8% from a mere 1% over the same period. Founder and chief executive William Li attributed the improvement partly to the company’s strategy of stable pricing, when rivals such as BMW and Mercedes-Benz responded to competition by cutting prices on some of their models by as much as 30%. Revenue for the third quarter was nearly RMB 19.1 billion ($2.6 billion) compared to predictions of RMB 19.3 billion, with adjusted net losses falling 27.4% quarter-on-quarter to RMB 4.6 billion. The electric vehicle maker also announced plans to acquire two manufacturing plants it has been operating with partner JAC Group in Hefei for RMB 3.2 billion, following news that it secured a production license from the Chinese government over the weekend. Li said he expected NIO’s production costs to fall 10% if the company began making its own EVs instead of continuing to rely on contract manufacturing. [NIO financial report]
Previous:The Corbyn Cult
Scientists explain the first ever picture of a black holeLady Gaga heads straight to Trump Tower to stage a protest'Game of Thrones' will kill off Tyrion Lannister in Season 8'Game of Thrones': Who will live and die, according to AI'Game of Thrones': Who will live and die, according to AIWatch Clinton's powerful, gracious concession speechUber beats Lyft with IPO payout to driversGoogle increases YouTube TV price to $49.99 per month'The Rise of Skywalker' trailer analysis: Everything old is new againWatch Clinton's powerful, gracious concession speechThe 'consent condom' fails to understand how consent actually worksThat basketball robot can shoot three'Game of Thrones': Everything to know about dragonglassThis is how the world leaders reacted to Trump's election13 spectacularly Scottish reactions to Donald Trump becoming presidentNo America, this is not an episode of 'Black Mirror'Good luck, America: You just elected Donald Trump presidentA guide to roasting Bran Stark in 'Game of Thrones' Season 8Here's the first real look at the Infiniti Qs Inspiration electric sedan'Game of Thrones': Nobody should end up on the Iron Throne What is 4B and who can participate? Best kids tablet deal: Get the Amazon Fire HD 10 Kids Pro $80 off Today's Hurdle hints and answers for November 12 Best WiFi deal: Save $120 on the Google Nest WiFi Pro Wordle today: The answer and hints for November 14 Arkadium mini crossword answers for November 13 'Bad Sisters' Season 2 review: Still gripping now the mystery's solved? Apple will let you share location of lost items with airlines Meta cuts EU ad Best Walmart Black Friday deal: Save 57% on the Roku Ultra LT streaming device Best smartwatch deal: Get the Garmin Epix Gen 2 smartwatch 55% off Webb telescope sees world that could reek of burnt matches and rotten eggs ATP Finals 2024 livestream: Watch live tennis for free NYT Strands hints, answers for November 14 Amazon Prime gift card deal [2024] Trump appoints Elon Musk to DOGE, a new U.S. government department Best Black Friday stabilizer deal: 22% off DJI Ronin Best tablet deal: Samsung Galaxy Tab A9+ Plus gets $50 discount Best Black Friday TV deal: 47% off 98 Early Black Friday headphones deals: Save up to 51% on headphones at Walmart
2.405s , 8182.4140625 kb
Copyright © 2025 Powered by 【Bollywood Archives】,Fresh Information Network