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Nio Maintains 18.5% Vehicle Margin, Reports Third Straight Adjusted Profit

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Nio posted second-quarter revenue of 32.14 billion yuan, slightly below its May guidance, while holding vehicle margin at 18.5%. The company delivered its third consecutive quarter of adjusted operating profit, with gross profit up sharply year on year. Revenue rose 69.1% annually, but deliveries fell to 107,658, missing its range. Adjusted operating profit was 206.9 million yuan.

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