- Decline in gross margin
NIO’s share price fell by almost 8% at the market open after the Chinese electric vehicle (EV) maker reported its 1Q 2022 results.
Investors were disappointed by the decline in gross margin as raw material prices went up. There was also not much to cheer in the company’s guidance for vehicle deliveries and revenues in 2Q 2022.
More encouragingly, the NIO’s expected new vehicles launches this year remain on track, and the company achieved an “all time high order flow” in May.
Here are five highlights from NIO’s latest 1Q22 earnings you should take note of.