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NIO's 2023 revenue reached a record high of 55.62 billion yuan, with losses expanding to 20.7 billion yuan

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On the evening of March 5th, NIO Automobile released its financial reports for the fourth quarter and full year of 2023. In 2023, NIO Automobile achieved a revenue of 55.618 billion yuan, a year-on-year decrease of 4.9 percentage points in gross profit margin, and a further increase in net loss of 43.5% to 20.72 billion yuan.
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