TLDR
- NIO Inc. will report Q4 and full year 2024 financial results on March 21, 2025, before U.S. markets open
- NIO delivered 72,689 vehicles in Q4 2024, a 45.2% year-over-year increase
- The company recently launched its flagship ET9 electric car with deliveries planned for end of March 2025
- NIO introduced FIREFLY as a new high-end electric car brand to launch in April 2025
- Seven billionaire investors hold stakes in NIO as of Q4 2024
NIO Inc., a leading player in the global electric vehicle market, is preparing to report its fourth quarter and full year 2024 financial results on March 21, 2025. The announcement will take place before U.S. markets open.
The company will host an earnings conference call at 8:00 AM Eastern Time on the same day. This timing corresponds to 8:00 PM in Beijing, Hong Kong, and Singapore.
Investors and analysts interested in the call can register in advance through the company’s provided link. A replay option will be available until March 28, 2025.
NIO has established itself as a pioneer in the smart electric vehicle market since its founding in November 2014. The company operates with the mission “Blue Sky Coming” and focuses on developing innovative technology.
The Chinese automaker designs, develops, manufactures, and sells premium smart electric vehicles under three distinct brands. These include high-end vehicles under the NIO brand, family-oriented options through ONVO, and small smart high-end electric cars under the FIREFLY brand.
NIO demonstrated strong performance in the final quarter of 2024. The company delivered 72,689 vehicles during this period, setting a new record.
This delivery figure represents a 45.2% increase compared to the same period in the previous year. The growth highlights NIO’s expanding market presence despite intense competition.
In December 2024, NIO unveiled its flagship electric car, the ET9, at its annual NIO Day event. The vehicle showcases advanced technology across multiple areas including design, comfort, and intelligent driving systems.
The company plans to begin deliveries of the ET9 by the end of March 2025. This launch represents a key milestone in NIO’s product development strategy.
During the same event, NIO introduced FIREFLY as its new high-end electric car brand. The official launch of this brand is expected in April 2025.
These brand expansions reflect NIO’s strategic move to diversify its product offerings. The company aims to serve a broader customer base through these different vehicle lines.
NIO has attracted attention from major investors
NIO has attracted attention from major investors. According to recent data, seven billionaire investors hold stakes in the company as of the fourth quarter of 2024.
Additionally, 20 hedge funds maintained positions in NIO stock during this period. This level of institutional interest suggests confidence in the company’s business model and growth prospects.
The broader electric vehicle market showed significant growth in 2024. For the first time, sales of all-electric vehicles and hybrid models accounted for 20% of all new car and truck sales in the U.S.
Market data indicates that over 3.2 million electrified vehicles were sold last year. This included 1.9 million hybrid vehicles and 1.3 million all-electric vehicles.
Despite this growth, traditional vehicles with gas or diesel engines still dominated the market. They accounted for 79.8% of sales, though this marked the first time their share fell below 80% in modern automotive history.
Analysts at Cox Automotive expect 2025 to set another record for EV sales. They project EVs will account for about 10% of new vehicle sales, with one out of every four vehicles sold being electrified when including hybrids.
NIO continues to focus on technological advancements and product innovation as key differentiators in the competitive electric vehicle market.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
