China-based electrical automotive maker NIO Inc. (NYSE: NIO) on Friday reported a web loss for the fourth quarter of 2024. Revenues elevated by double-digits in the course of the three months.
Complete revenues elevated 15% year-over-year to $2.70 billion within the closing three months of fiscal 2024. Automobile gross sales, which account for almost 90% of whole revenues, elevated 13%. Web loss attributable to shareholders was $974.3 million or $0.47 per ADC within the December quarter. Adjusted web loss per ADS was $0.43.
For the primary quarter of 2025, the corporate expects whole revenues to be between $1.69 billion and $1.76 billion. It forecasts whole automobile deliveries within the vary of 41,000 to $43,000 for Q1.
