Nio slips to red, but margin draws investor attention
Nio reported first-quarter revenue up 112.2% to RMB25.53 billion ($3.70 billion) and vehicle margin rising to 18.8%. The company posted a net loss of RMB332.1 million, compared to a profit in the previous quarter. Deliveries reached 83,465 vehicles, nearly doubling from a year earlier but down from the fourth quarter. Nio forecast second-quarter revenue and deliveries above analyst expectations.