BEAMSTART Logo

HomeNews

Chinese EV maker Nio says fourth-quarter loss widens, revenue guidance underwhelms

SCMP LogoSCMP3h ago

Chinese EV maker Nio says fourth-quarter loss widens, revenue guidance underwhelms - SCMP

Quick Summary:

This year marks the beginning of a new product cycle for our three brands,’ says founder, chairman and CEO William Bin Li.

The Firefly brand, which targets middle-income consumers on the mainland, would begin deliveries in April, acting as a driver of the firm’s international expansion.“Looking ahead to 2025, we will sharpen our focus on enhancing profitability by driving cost reductions through technological advancements, optimising operational efficiency and accelerating scalable growth,” said Stanley Yu Qu, Nio’s chief financial officer.

Li said the premium Nio brand would strengthen its market position by using more technology and experience-driven products, while the mass-market Onvo brand would focus on increasing its sales and product mix.

More Pictures

Chinese EV maker Nio says fourth-quarter loss widens, revenue guidance underwhelms - SCMP (Picture 1)

or

Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 21:29:03 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 275 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27218627

View Article Analysis

About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 10 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 5 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Chinese EV maker Nio says fourth-quarter loss widens, revenue guidance underwhelms" has 275 words across 9 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Chinese EV maker Nio says fourth-quarter loss widens, revenue guidance underwhelms" was covered 3 hours ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 10 news stories per day.

It's most recent story was published 5 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27218627
  • URL: https://beamstart.com/news/chinese-ev-maker-nio-says-17425639829474

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.