Chinese EV maker Nio posts bigger quarterly loss, forecasts higher deliveries

Chinese electric automaker Nio Inc on Thursday reported a bigger loss for the third quarter and said it expects deliveries to rise as much as 91.7 per cent in the current quarter.

The Shanghai-based EV maker said net loss attributable widened to 4.14 billion yuan ($571.20 million) in the quarter ended Sept. 30, from 2.86 billion yuan a year earlier.

($1 = 7.2479 Chinese yuan renminbi)