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NIO Auto released its first quarter earnings report this evening. The financial report shows that R&D expenses for the first quarter of 2025 were RMB 3.181.4 billion, up 11.1% from the first quarter of 2024 and down 12.5% from the fourth quarter of 2024. R&D expenses decreased compared to the fourth quarter of 2024, mainly due to lower design and development costs brought about by different stages of development of new products and new technologies, partly offset by increased personnel costs for R&D functions.

Zhitongcaijing·06/03/2025 12:01:10
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NIO Auto released its first quarter earnings report this evening. The financial report shows that R&D expenses for the first quarter of 2025 were RMB 3.181.4 billion, up 11.1% from the first quarter of 2024 and down 12.5% from the fourth quarter of 2024. R&D expenses decreased compared to the fourth quarter of 2024, mainly due to lower design and development costs brought about by different stages of development of new products and new technologies, partly offset by increased personnel costs for R&D functions.