NIO Inc. (NYSE: NIO) reported its second quarter 2024 earnings outcomes at this time.

Complete revenues had been $2.40 billion, up 98.9% from the identical interval final 12 months.

Web loss attributable to unusual shareholders was $705.4 million, down 16.3% from final 12 months. Adjusted web loss attributable to unusual shareholders was $623.7 million.

Web loss per unusual share/ADS was $0.34. Adjusted loss per share/ADS was $0.30.

Automobile deliveries had been 57,373 within the second quarter of 2024, up 143.9% from final 12 months.

For the third quarter of 2024, the corporate expects complete revenues to vary between $2.63 billion and $2.70 billion, representing a rise of approx. 0.2% to three.2% from the prior-year interval. Deliveries of autos are anticipated to be between 61,000 and 63,000 items, representing a rise of approx. 10.0-13.7% from final 12 months.

Prior efficiency