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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 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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