Nio Targets 40,000+ Monthly Deliveries as Q4 China Recovery Looms
Nio expects China’s passenger-vehicle market to recover in Q4 and targets average deliveries above 40,000 per month, implying more than 120,000 vehicles in Q4 versus its 108,000 to 111,000 Q3 forecast. Q3 revenue is guided at 33.29-34.05 billion yuan, after Q2 revenue rose 69% but missed estimates, with deliveries of 107,658 below forecasts. Loss narrowed and non-GAAP costs are expected to fall as one-time sales expenses roll off.