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î ΝΙΟ NIO Inc. Reports Unaudited Third Quarter 2021 Financial Results November 9 , 2021 SHANGHAI , China , Nov. 09 , 2021 ( GLOBE NEWSWIRE ) NIO Inc. ( " NIO " or the " Company ' " ) ( NYSE : NIO ) , a pioneer and a leading company in the premium smart electric vehicle market , today announced its unaudited financial results for the third quarter ended September 30 , 2021 . Operating Highlights for the Third Quarter 2021 • Deliveries of vehicles were 24,439 in the third quarter of 2021 , including 5,418 ES8s , 11,271 ES6s and 7,750 EC6s , representing an increase of 100.2 % from the third quarter of 2020 and an increase of 11.6 % from the second quarter of 2021 . Key Operating Results Deliveries Quarterly Total Revenues reached RMB9,805.3 million ( US $ 1,521.8 million ) Quarterly Deliveries of the ES8 , the ES6 and the EC6 were 24,439 vehicles Deliveries 2021 Q3 24,439 2020 Q3 12,206 Financial Highlights for the Third Quarter 2021 2021 Q2 21,896 2020 Q2 10,331 2021 Q1 20,060 2020 Q1 3,838 2020 Q4 17,353 2019 Q4 8,224 • Vehicle sales were RMB8,636.8 million ( US $ 1,340.4 million ) in the third quarter of 2021 , representing an increase of 102.4 % from the third quarter of 2020 and an increase of 9.2 % from the second quarter of 2021 . • Vehicle marginii was 18.0 % , compared with 14.5 % in the third quarter of 2020 and 20.3 % in the second quarter of 2021 . • Total revenues were RMB9,805.3 million ( US $ 1,521.8 million ) in the third quarter of 2021 , representing an increase of 116.6 % from the third quarter of 2020 and an increase of 16.1 % from the second quarter of 2021 . • Gross profit was RMB1,993.2 million ( US $ 309.3 million ) in the third quarter of 2021 , representing an increase of 240.3 % from the third quarter of 2020 and an increase of 26.6 % from the second quarter of 2021 . • Gross margin was 20.3 % , compared with 12.9 % in the third quarter of 2020 and 18.6 % in the second quarter of 2021 . • Loss from operations was RMB991.9 million ( US $ 153.9 million ) in the third quarter of 2021 , representing an increase of 4.9 % from the third quarter of 2020 and an increase of 29.9 % from the second quarter of 2021. Excluding share - based compensation expenses , adjusted loss from operations ( non - GAAP ) was RMB726.3 million ( US $ 112.7 million ) in the third quarter of 2021 , representing a decrease of 19.0 % from the third quarter of 2020 and an increase of 41.9 % from the second quarter of 2021 . • Net loss was RMB835.3 million ( US $ 129.6 million ) in the third quarter of 2021 , representing a decrease of 20.2 % from the third quarter of 2020 and an increase of 42.3 % from the second quarter of 2021. Excluding share - based compensation expenses , adjusted net loss ( non - GAAP ) was RMB 569.7 million ( US $ 88.4 million ) in the third quarter of 2021 , representing a decrease of 42.9 % from the third quarter of 2020 and an increase of 69.7 % from the second quarter of 2021 . • Net loss attributable to NIO's ordinary shareholders was RMB2,858.9 million ( US $ 443.7 million ) in the third quarter of 2021 , representing an increase of 140.7 % from the third quarter of 2020 and an increase of 333.6 % from the second quarter of 2021. In the third quarter of 2021 , NIO repurchased 1.418 % equity interest in NIO China from a minority strategic investor for a total consideration of RMB2.5 billion and recorded an amount of RMB2,023.5 million ( US $ 314.0 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 RMB569.7 million ( US $ 88.4 million ) . • Basic and diluted net loss per American Depositary Share ( ADS ) iii were both RMB1.82 ( US $ 0.28 ) in the third quarter of 2021. Excluding share - based compensation expenses and accretion on redeemable non - controlling interests to redemption value , adjusted basic and diluted net loss per ADS ( non - GAAP ) were both RMB0.36 ( US $ 0.06 ) . • Cash and cash equivalents , restricted cash and short - term investment were RMB47.0 billion ( US $ 7.3 billion ) as of