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O NIO NIO Inc. Reports Unaudited First Quarter 2021 Financial Results April 29 , 2021 Quarterly Total Revenues reached RMB7,982.3 million ( US $ 1,218.3 million ) Quarterly Deliveries of the ES8 , the ES6 and the EC6 were 20,060 vehicles SHANGHAI , China , April 29 , 2021 ( GLOBE NEWSWIRE ) -- NIO Inc. ( " NIO " or the " Company " ) ( NYSE : NIO ) , a pioneer and a leading manufacturer of premium smart electric vehicles in China , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . Operating Highlights for the First Quarter 2021 • Deliveries of vehicles were 20,060 in the first quarter of 2021 , including 4,516 ES8s , 8,088 ES6s and 7,456 EC6s , representing an increase of 422.7 % from the first quarter of 2020 and an increase of 15.6 % from the fourth quarter of 2020 . Key Operating Results Deliveries Deliveries 2021 Q1 20,060 2020 Q4 17,353 2020 Q3 12,206 2020 Q2 10,331 2020 Q1 3,838 2019 Q4 8,224 2019 Q3 4,799 2019 Q2 3,553 Financial Highlights for the First Quarter of 2021 • Vehicle sales were RMB7,405.8 million ( US $ 1,130.3 million ) in the first quarter of 2021 , representing an increase of 489.8 % from the first quarter of 2020 and an increase of 20.0 % from the fourth quarter of 2020 . • Vehicle margin " was 21.2 % , compared with negative 7.4 % in the first quarter of 2020 and 17.2 % in the fourth quarter of 2020 . • Total revenues were RMB7,982.3 million ( US $ 1,218.3 million ) in the first quarter of 2021 , representing an increase of 481.8 % from the first quarter of 2020 and an increase of 20.2 % from the fourth quarter of 2020 . • Gross profit was RMB1,554.8 million ( US $ 237.3 million ) in the first quarter of 2021 , representing an increase of RMB1,722.3 million from a gross loss of RMB167.5 million in the first quarter of 2020 and an increase of 36.2 % from the fourth quarter of 2020 . • Gross margin was 19.5 % , compared with negative 12.2 % in the first quarter of 2020 and 17.2 % in the fourth quarter of 2020 . • Loss from operations was RMB295.9 million ( US $ 45.2 million ) in the first quarter of 2021 , representing a decrease of 81.2 % from the first quarter of 2020 and a decrease of 68.2 % from the fourth quarter of 2020. Excluding share - based compensation expenses , adjusted loss from operations ( non - GAAP ) was RMB199.4 million ( US $ 30.4 million ) in the first quarter of 2021 , representing a decrease of 87.0 % from the first quarter of 2020 and a decrease of 77.1 % from the fourth quarter of 2020 . • Net loss was RMB451.0 million ( US $ 68.8 million ) in the first quarter of 2021 , representing a decrease of 73.3 % from the first quarter of 2020 and a decrease of 67.5 % from the fourth quarter of 2020. Excluding share - based compensation expenses , adjusted net loss ( non - GAAP ) was RMB 354.6 million ( US $ 54.1 million ) in the first quarter of 2021 , representing a decrease of 78.6 % from the first quarter of 2020 and a decrease of 73.3 % from the fourth quarter of 2020 . • Net loss attributable to NIO's ordinary shareholders was RMB4,875.0 million ( US $ 744.1 million ) in the first quarter of 2021 , representing an increase of 183.0 % from the first quarter of 2020 and an increase of 226.7 % from the fourth quarter of 2020. In the first quarter of 2021 , NIO purchased 3.305 % equity interests in NIO China from the minority strategic investors and recorded an amount of RMB4.4 billion ( US $ 671.6 million ) in accretion on redeemable non - controlling interests to redemption value . Excluding share - based compensation expenses and accretion on redeemable non - controlling interests to redemption value , adjusted net loss attributable to NIO's ordinary shareholders ( non - GAAP ) was RMB354.5 million ( US $ 54.1 million ) . • Basic and diluted net loss per American Depositary Share ( ADS ) were both RMB3.14 ( US $ 0.48 ) in the first quarter of