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Continue reading BYD's first-half profit triples as deliveries break record
BYD's first-half profit triples as deliveries break record originally appeared on Autoblog on Tue, 29 Aug 2023 08:21:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsNio announced its Q2 earnings today, and here are the key takeaways from the earnings call, with the latest being at the top.
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Deutsche Bank says Nio's third-quarter delivery guidance is below their expectations, which could mean that new order flow will be hard to sustain after the initial surge.
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EVs have surpassed at least 5% of new car sales in 23 countries, according to a new Bloomberg report. Much of that sales growth has happened in the past year, according to the report. Five more countries have 5% EV sales—which Bloomberg analysts consider a tipping point for mass adoption—than a year ago. And median EV sales were up 55%... 
Almost the whole market was up in W34. Xpeng grew 50% up, Zeekr grew 106% up, and Tesla and Nio grew 22% up. Li Auto -3.75% down.
The post China NEV sales in week 34: BYD 51,700, Tesla 17,000, Nio 5,000 appeared first on CarNewsChina.com.
Nio reported revenue of RMB 8.77 billion in the second quarter, missing market expectations of RMB 9.254 billion, compared with RMB 10.29 billion in the same period last year.
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