NIO Expects Q4 Revenue of $2.204B-$2.289B, up by 0.1%-4.0% YoY; Q4 Vehicle Deliveries of 47,000-49,000, up by 17.3%-22.3% YoY
Portfolio Pulse from Benzinga Newsdesk
NIO Inc. has provided guidance for Q4 2023, expecting vehicle deliveries to be between 47,000 and 49,000, marking a 17.3%-22.3% increase YoY. Revenue is projected to be $2.204B-$2.289B, up by 0.1%-4.0% YoY.
December 05, 2023 | 9:38 am
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NIO anticipates a YoY increase in Q4 vehicle deliveries (17.3%-22.3%) and a slight revenue growth (0.1%-4.0%), indicating continued expansion and market strength.
The projected increase in vehicle deliveries and revenue for NIO suggests a positive outlook for the company's performance in Q4 2023. This guidance indicates growth and could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100