Nio posts record deliveries in Q3

Nio reported Q3 revenue of RMB 21.79 billion, up 16.7% YoY, with deliveries rising 41% to a quarterly record of 87,071 units across the Nio, Onvo, and Firefly brands. Vehicle margin increased to 14.7%, pushing gross margin to 13.9%, and net loss narrowed 31% to RMB 3.48 billion.