Chinese electric vehicle maker Nio (NIO) reported its Q1 2022 results ahead of the opening bell on June 9. The stock fell about 6.7% in today's session.  Nio has four car models on the market. Although it is currently heavily dependent on its domestic Chinese market, Nio is on a global expansion drive that has seen it enter several markets in Europe. Apart from its better-known rival Tesla (TSLA), Nio also competes with domestic brands Li Auto (LI) and Xpeng (XPEV). Nio’s Earnings at a Glance Revenue rose 24.2% year-over-year to RMB9.91 billion ($1.56 billion), slightly exceeding the consensus estimate of RMB9.9 billion. The adjusted loss per share of RMB0.
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NIO (NYSE:NIO)
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