
NIO Gain Hunter
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Nio 2024Q3 earnings report interpretation - Free cash flow turns positive
01—Sales In Q3, sales reached 61,855 units, a year-on-year increase of 11.6% and a quarter-on-quarter increase of 7.8%. Among them, Nio brand sales were 61,023 units, and the newly delivered Onvo brand sold 832 units since late September. By the end of October, sales totaled 170,257 units, a year-on-year increase of 35%; cumulative sales reached 619,851 units. Q4 sales guidance: between 72,000-75,000 units, a year-on-year increase of 43.9%-49.9%. Given that Nio has already delivered 20,976 units in October...
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