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NIO reports August deliveries of 35,836 vehicles, up 14.5% YoY. Core NIO brand sales double, offset by weaker ONVO figures.
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Nio stock fell approximately 14% following its Q2 earnings report, which showed operational losses increased slightly compared to Q1 despite 69% year-over-year revenue growth. While August EV deliveries remained strong with 14.5% year-over-year growth, investors are concerned about the company's path to profitability as component costs and competition continue to pressure margins.
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