The company posted a 116.6 percent year-on-year revenue growth in the period, raking in around 9.8 billion yuan (about 1.5 billion U.S. dollars), according to the company's financial statement.
The auto gross margin reached 18 percent, with the research and development expenses hitting approximately 1.19 billion yuan for the period, up 101.9 percent year on year, said the company.
"The number of new orders have continued to grow, reaching a new high in October. The total delivery in the fourth quarter of 2021 is expected to reach 23,500 to 25,500 vehicles," said Li Bin, founder of NIO.
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