China EV-Maker Nio Misses Estimates Amid Supply Pressures

Nio electric vehicles are rolled off the production line during an event at the automaker’s factory in Hefei, Anhui province, on April 7. Photo: Bloomberg

(Bloomberg) — Nio Inc., the Chinese electric-vehicle manufacturer that started trading in Hong Kong earlier this month, posted fourth-quarter earnings that missed analyst estimates as the industry was buffeted by supply chain pressure throughout the year.

The Shanghai-based company reported a net loss of 2.14 billion yuan ($336.4 million) in the three months ended Dec. 31, according to a statement released after the U.S. market closed Thursday. Analysts estimated a shortfall of 1.51 billion yuan, according to data compiled by Bloomberg. Revenue increased 49% from a year earlier to 9.9 billion yuan.