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China's Nio expects Q2 EV sales to more than double
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China's Nio expects Q2 EV sales to more than double
Jun 6, 2024 4:23 AM

(Corrects that Nio posted a net loss, not net profit for the first quarter)

SHANGHAI (Reuters) - Chinese electric vehicle maker Nio said on Thursday that it expected its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000.

Revenue in the three-month period starting April would also nearly double to about $2.3 million, the company added.

Nio posted a net loss of $718 million in the first quarter.

(This story has been corrected to say that Nio posted a net loss, not net profit for the first quarter, in paragraph 3)

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