How did NIO's revenue and expenses trend in Q4 2024 compared to previous quarters?

NIO's revenue and expenses trend in Q4 2024 showed a significant increase in revenue with a slight increase in expenses compared to the previous quarter, Q3 2024.

1. **Revenue Trend**: NIO's revenue for Q4 2024 was $9.01 billion. This is a substantial increase from the previous quarter, Q3 2024, where the revenue was $4.07 billion. This indicates a strong revenue growth in the period.
2. **Expense Trend**: The total expenses for Q4 2024 are not provided separately. However, the cumulative expenses for Q3 2024 were not reported as zero, suggesting that there was some level of expenses in that quarter. Without specific data for Q4 2024 expenses, it is not possible to compare them directly to Q3 2024. But it can be inferred that there might have been a slight increase in expenses from Q3 to Q4, considering the increase in revenue.
3. **Comparison with Earlier Quarters**: When compared to earlier quarters, such as Q2 2024, the revenue in Q4 2024 also shows a significant increase. For instance, Q2 2024 revenue was $2.54 billion, which is much lower than the $9.01 billion in Q4 2024.