On November 20th, NIO released its financial report for the third quarter of 2024. NIO delivered 61855 units in the third quarter, setting a new historical high; The revenue for the third quarter was 18.67 billion yuan, an increase of 7% compared to the previous quarter; The gross profit margin of the entire vehicle continues to increase to 13.1%; Free cash flow turned positive in the third quarter, with cash reserves rising to 42.2 billion yuan; The R&D investment in the third quarter was 3.32 billion yuan. NIO's Q4 delivery and revenue guidance set a new historical high: delivery guidance was between 72000 and 75000 units, a year-on-year increase of 43.9% to 49.9%, and Q4 revenue guidance was between 19.68 billion yuan and 20.38 billion yuan.