On November 20th, Southern Finance and Economics reported that NIO announced its performance, with a revenue of 18.67 billion yuan in the third quarter of 2024, a decrease of 2.1% from the third quarter of 2023, and a market expectation of 19.17 billion yuan. The adjusted net loss (non GAAP) for the third quarter of 2024 was RMB 4.4126 billion (USD 628.8 million), an increase of 11.6% compared to the third quarter of 2023 and a decrease of 2.7% compared to the second quarter of 2024. As of September 30, 2024, cash and cash equivalents, restricted cash, short-term investments, and long-term term deposits amounted to RMB 42.2 billion (USD 6 billion). In the third quarter of 2024, the basic and diluted net losses per ordinary share/ADS were both RMB 2.50 (USD 0.36), compared to RMB 2.67 in the third quarter of 2023 and USD 2.50 in the second quarter of 2024.