07:51 AM EDT, 06/03/2025 (MT Newswires) -- Nio (NIO) reported a Q1 adjusted net loss Tuesday of 3.01 renminbi ($0.41) per diluted American depositary share, wider than a loss of 2.39 renminbi a year earlier.

Four analysts polled by FactSet expected a loss of 2.78 renminbi.

Revenue for the quarter ended March 31 was 12.03 billion renminbi, compared with 9.91 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 12.43 billion renminbi.

For Q2, the company said it expects its total revenue to be between 19.51 billion renminbi and 20.07 billion renminbi. Analysts surveyed by FactSet expect 20.28 billion renminbi.

Shares of the company were down 2.1% in Tuesday's premarket activity.