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

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© Reuters. FILE PHOTO: Chinese electric vehicle start-up Nio Inc. company logo is on display on its initial public offering (IPO) day at the NYSE in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid

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(Reuters) – Chinese electric automaker Nio (NYSE:) Inc on Thursday reported a bigger loss for the third quarter and said it expects deliveries to rise as much as 91.7% 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 renminbi)

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