Key Points
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Nio (NYSE: NIO) projects sales of 450,000 units in 2023, more than double its sales from last year.
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The company reported 72,056 units sold in Q2 2023, a 26% year-over-year increase.
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Nio experienced a net loss of approximately $930 million (RMB 6,750 million) in Q1 2023, a 30% increase from Q1 2022.
Nio, a Chinese electric vehicle manufacturer, forecasts sales of 450,000 vehicles in 2023, significantly up from last year’s 221,970. This growth coincides with the introduction of its battery-as-a-service model, which enables quick battery swaps in just 3 to 5 minutes, aiming to alleviate charging time concerns.
