India, Sept. 1 -- On Tuesday, NIO Inc. (9866.HK, NIO,9866.HK, NIO,NIO.SI, NIO.SI,9866.HK, NIO,NIO.SI), a Chinese Smart Vehicle manufacturer, reported a narrower loss in the second quarter of 2026, compared to the same quarter last year. Furthermore, the company released its outlook for the third quarter.
Net loss attributable to ordinary shareholders narrowed to RMB 721.59 million or $106.35 million from RMB 5.141 billion in the same quarter last year.
Net Loss per ADS dropped to RMB 0.29 or $0.04 from RMB 2.31 in the previous year.
Adjusted net profit for the period was RMB 24.81 million or RMB 0.01 per ADS, compared to loss of RMB 4.124 billion or RMB 1.85 per ADS a year ago.
Vehicle sales rose 80.1 percent to RMB 29.058 billion or $4...