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Benzinga
Benzinga
World
Shanthi Rexaline

Nio's Q1 Revenue Tops Estimates, Forward Guidance Disappoints: What EV Investors Need To Know

NIO NYSE electric vehicle

Chinese electric vehicle startup Nio, Inc. (NYSE:NIO) reported first-quarter revenues Thursday that exceeded expectations, while its bottom-line reflected cost pressures.

The company guided to below-consensus revenue for the second quarter. Despite the near-term headwinds, the company said orders remained at a record in May. The company also confirmed the launch timeframes for its ET5 sedan and ES7 SUV.

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