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Nio Stock Surges: Cost Cuts & Europe Expansion!

Wednesday, Jun 4, 2025 7:58 am ET1min read

Nio Inc. rose 1.70% in premarket trading, with the company considering trimming R&D costs by up to 25% and providing revenue guidance for the second quarter. The company's first-quarter net loss deepened despite stronger revenue, dragged by higher operating expenses amid intensifying competition in the world's largest electric-vehicle market. Additionally, the AutoWallis Group is set to launch the premium electric car brand NIONIO-- in the region, with sales expected to start in 2025 Q4 in Hungary and Austria and in 2026 in other countries.

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