Updated: June 9, 2022

Nio reports wider first-quarter loss as Covid shutdowns in China hamper deliveries

June 9, 2022

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Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ago.Covid shutdowns hampered Nio's production in the first five months of 2022.But two new models set to launch later this year remain on track, the company said.

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