NIO: Time To Get Moving


  • NIO reported weak Q1 numbers as it prepares to launch its lower-priced Onvo brand.
  • Revenues declined over 7% and missed estimates, but vehicle margins did improve.
  • NIO’s cash on the balance sheet decreased, potentially increasing the need for another capital raise before the Onvo launch.

Which Way?

Lisa-Blue/E+ via Getty Images

Before the opening bell on Thursday, we received first quarter results from NIO (NYSE:NIO). The Chinese electric vehicle name reported dismal numbers for the period amidst tough competition, yearly model refreshes, and a seasonally weaker sales

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