(Updated - August 11, 2020 7:13 AM EDT Updated revenue)

NIO Inc. (NYSE: NIO) reported Q2 EPS of ($0.15), $0.11 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $526.4 million versus the consensus estimate of $504.01 million.

• Deliveries of vehicles were 10,331 in the second quarter of 2020, including 8,068 ES6s and 2,263 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019 and 3,838 vehicles delivered in the first quarter of 2020.

Business Outlook

For the third quarter of 2020, the Company expects:

• Deliveries of the vehicles to be between 11,000 and 11,500 vehicles, representing an increase of approximately 129.2% to 139.6% from the same quarter of 2019, and an increase of approximately 6.5% to 11.3% from the second quarter of 2020.
• Total revenues to be between RMB4,047.5 million (US$572.9 million) and RMB4,212.3 million (US$596.2 million), representing an increase of approximately 120.4% to 129.3% from the same quarter of 2019, and an increase of approximately 8.8% to 13.3% from the second quarter of 2020.

(*Consensus calls for Q3 revenue of $537.1 million)

For earnings history and earnings-related data on NIO Inc. (NIO) click here.