Wednesday before markets open, Nio (NIO, Financial) plans to reveal its Q3 results. With revenue forecasts expected to jump 1.5% YOY to $2.65 billion, Wall Street analysts project an adjusted loss of $0.31 per share.
Operating in a very competitive Chinese EV industry, the Shanghai-based electric vehicle (EV) manufacturer, which hasn't turned a profit, is growing its network of charging stations and expanding initiatives to increase customer base have drawn attention from analysts as helping factors for adoption and support of long-term development.
Investors' main priorities are the ramp-up of Nio's L60 model, which might improve the market situation of the brand, and margin trends affected by the L6 model's contributions and shrinking losses in non-vehicle sales. Reflecting an 18% to 21% sequential development, Morgan Stanley analyst Tim Hsiao forecasts Nio will guide for Q4 vehicle deliveries of 73,000 to 75,000 units.
Nio said in October that car deliveries year over year had increased by 30.5%. The corporation has also revealed intentions to introduce its first hybrid model in 2026, signifying continuous efforts to expand its product range.
