Despite strong growth in the fourth quarter of the 2023 fiscal year, electric car manufacturer NIO was unable to achieve the desired turnaround. The company once again reported losses, failing to meet analysts' expectations. Compared to the same period last year, NIO lost 3.18 CNY per share, following a loss of 3.55 CNY. Even in terms of revenue, the company was not convincing. Despite an improvement from 16.06 billion CNY to 17.103 billion CNY, NIO still fell short of analysts' expectations, which had been estimated at 18.16 billion CNY.

NIO Incurs Losses for the Full Financial Year; At 12.44 CNY Per Share, the Loss Was Even Greater Than the Previous Year (8.89 CNY), Disappointing Experts Who Had Anticipated a Loss of 10.568 CNY Per Share. However, the Company's Revenue Rose to 55.61 Billion CNY, from 49.27 Billion CNY the Previous Year, Still Falling Short of the Forecasted 56.66 Billion CNY.

In response to these figures, NIO stock initially fell sharply on the New York Stock Exchange. However, it managed to recover later on and ultimately rose by 2.63 percent to 5.47 US dollars.

The company's ongoing losses pose a challenge for NIO, particularly against competitor Tesla. Nevertheless, there are also positive developments to report, such as the increased demand for electric vehicles, which has enabled NIO to increase its revenue.

Analysts Are Divided on Whether NIO Will Be Able to Reduce Losses and Enter Profitability. It Thus Remains to Be Seen How the Company Will Respond to Market Challenges in the Future and What Strategies It Will Develop to Improve Its Business Situation.