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NIO Narrows Loss in Q1

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NIO (SGX:NIO, HKG:9866) recorded an attributable loss of 496 million yuan in the first quarter of 2026, narrower than 6.89 billion yuan a year prior, according to a Thursday filing with the Hong Kong bourse.

Loss per share stood at 0.20 yuan, compared with 3.29 yuan in the corresponding period of the previous fiscal year.

Revenue soared 112% to 25.5 billion yuan from 12 billion yuan in the year-ago period.

The automaker expects a revenue of between 32.8 billion yuan and 34.4 billion yuan in the second quarter, up 72% to 81% year over year.

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