Nio (NIO) deliveries reached 31,607 in Q3, but higher costs squeeze margins
Popular Chinese EV maker Nio (NIO) reported its Q3 earnings for 2022, showing solid top-line (revenue) growth with recent price hikes, yet higher costs led to a wider bottom-line loss than many predicted.
Meanwhile, Nio’s deliveries picked up again as the EV maker accelerates its push into the end of the year.
The post Nio (NIO) deliveries reached 31,607 in Q3, but higher costs squeeze margins appeared first on Electrek.
