"Even if we exclude these one-time headwinds, vehicle of margin of 13.5% would have been a miss and lowest since 2Q20," Deutsche Bank said.
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NIO today announced its fourth-quarter earnings results and its management held an analyst call afterward.
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That delivery volume included 5,037 SUVs, and 7,120 sedans.
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NIO's vehicle margin was negatively impacted by 6.7 percentage points in the fourth quarter due to accelerated depreciation of production facilities and the loss of purchase commitments for older models.
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As of February 28, NIO had 296 NIO Spaces worldwide, a reduction of three from 299 at the end of January.
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NIO's second NIO House in Germany will be located in Frankfurt. Its first flagship showroom in the country is located in Berlin.
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NIO's third-generation battery swap stations will be compatible with ALPS models, an executive said.
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Vehicle insurance registrations for many NEV companies continued to rebound last week, with Tesla registering significant growth.
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NIO added three battery swap stations today, bringing the number of the facility in China to 1,320.
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NIO's battery team has been boosted to 1,000 people and is developing its own lithium manganese iron phosphate (LMFP) and 46 series ternary batteries, according to local media.
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