Nio sees margin drop in 1Q23; founder says breakeven point postponed to 2024

Peng Chen, DIGITIMES Asia, Taipei

Jun 12, 2023, 10:30 0

Nio's vehicle plant in Hefei, China. Credit: AFP

China-based EV company Nio saw margin declines in the first quarter of the year. While it will continue major R&D investments, the carmaker acknowledged that it had adjusted some cash spending. Moreover, it would reach the breakeven point in 2024 rather than...

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