---
title: "Nio surges 14% in HK early trading as Q2 earnings beat"
description: "Nio's shares surged nearly 14% in early Hong Kong trading as the market reopened after a typhoon, following strong Q2 earnings that exceeded estimates. The company's revenue of RMB 17.446 billion, up "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/213778142.md"
published_at: "2024-09-09T02:11:56.000Z"
---

# Nio surges 14% in HK early trading as Q2 earnings beat

> Nio's shares surged nearly 14% in early Hong Kong trading as the market reopened after a typhoon, following strong Q2 earnings that exceeded estimates. The company's revenue of RMB 17.446 billion, up nearly 99% year-on-year, beat analyst expectations. Nio reported a net loss of RMB 5.05 billion, showing improvement from the previous year. The management provided optimistic guidance for Q3 deliveries, projecting between 61,000 and 63,000 vehicles, and introduced its new sub-brand Onvo, with the L60 SUV launching on September 19.

> Nio surged in early hours of Hong Kong trading today, as trading resumed in the city's stock market after being suspended due to a typhoon on Friday.

Nio (NYSE: NIO) surged in early Hong Kong trading today after beating second-quarter earnings estimates, as trading on the Hong Kong stock market resumed today after being suspended on Friday due to a typhoon.

At press time, Nio was up 13.93 percent to HK$38.85, its biggest intraday gain since May 2.

The rise followed Nio's performance in the US market, where the electric vehicle (EV) maker's American Depository Shares rose 14.39 percent last Thursday and a further 3.51 percent on Friday.

Nio reported stronger-than-expected second-quarter results and gave strong guidance for third-quarter deliveries before the US stock market opened last Thursday.

Hong Kong's stock market was closed all day on Friday due to Typhoon Yagi.

Nio's second-quarter revenue came in at RMB 17.446 billion ($2.4 billion), better than analysts' expectations of RMB 17.385 billion.

That was up 98.89 percent year-on-year and up 76.07 percent from the first quarter, and also beat the upper end of the guidance range of RMB 16.59 billion to RMB 17.14 billion.

The company reported a net loss of RMB 5.05 billion in the second quarter, down 16.7 percent year-on-year and down 2.7 percent from the first quarter.

It posted a gross margin of 9.7 percent in the second quarter, above analysts' expectations of 8.736 percent and the highest since the third quarter of 2022. The figure was 1.0 percent in the second quarter of 2023 and 4.9 percent in the first quarter of 2024.

Nio guided for third-quarter vehicle deliveries to be between a record 61,000 and 63,000 units, representing year-on-year growth of about 10 percent to 13.7 percent.

The guidance implies that it expects September deliveries to be between 20,326 and 22,326 vehicles, considering that it delivered 20,498, and 20,176 vehicles in the past two months, respectively.

The sub-brand Onvo will officially launch its first model, the L60 SUV (sport utility vehicle), on September 19 and expects to deliver 20,000 units of the model during the year, Nio's management said on an earnings call.

Nio is targeting 10,000 deliveries of the Onvo L60 in December and wants the model to reach 20,000 deliveries in a single month sometime in 2025, according to its management.

> Deutsche Bank expects Nio to launch 6 new products and achieve 330,000 unit sales in 2025

### Related Stocks

- [NIO.US - NIO Inc](https://longbridge.com/en/quote/NIO.US.md)
- [NIO.SG - NIO Inc. USD OV](https://longbridge.com/en/quote/NIO.SG.md)
- [09866.HK - NIO-SW](https://longbridge.com/en/quote/09866.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 中金公司重申对蔚来汽车 A 类股票（9866）的买入评级 | 中金公司分析师昨日对蔚来汽车（NIO Inc. Class A）维持了买入评级，并设定了 50.00 港元的目标价。情人节促销 - 70% 折扣解锁对冲基金级别的数据和强大的投资工具，以便做出更聪明、更精准的决策。通过最新的新闻和分析保持市 | [Link](https://longbridge.com/en/news/275967598.md) |
| 沃尔玛四季度财报超预期但盈利指引不及预期，CEO 称 “美国低收入家庭只能勉强维持生计” | 沃尔玛 Q4 营收超预期，新财年盈利指引（每股 2.75-2.85 美元）远低于市场预期的 2.96 美元，显示通胀压力下消费者支出不确定性犹存，拖累股价下跌 1.38%。财报印证 K 型” 分化：高收入家庭驱动增长，低收入群体 “钱包吃紧 | [Link](https://longbridge.com/en/news/276398633.md) |
| 谷歌突然发布 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro，其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中，Gemini 3.1 Pro 得分 77.1%，显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) |
| 学习英伟达刺激芯片销售，AMD 为 “AI 云” 借款做担保 | AMD 为扩大市场份额祭出金融 “狠招”！为初创公司 Crusoe 的 3 亿美元购芯贷款提供担保，承诺在其无客户时 “兜底” 租用芯片。这一复刻英伟达 “租卡云” 路径的策略虽能短期推高销量，但也令 AMD 在 AI 需求放缓时面临更大的 | [Link](https://longbridge.com/en/news/276401504.md) |
| 最高法裁决后特朗普动用替补选择：加征 10% 全球关税 | 美国总统特朗普在最高法院裁决后宣布将加征 10% 的全球关税，以补救被推翻的关税措施。根据《1974 年贸易法》第 122 条款，现有的关税将全面生效。最高法院裁定特朗普政府的部分关税措施缺乏法律授权。市场风险提示，投资需谨慎。 | [Link](https://longbridge.com/en/news/276477629.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
