This article is a live update of the main takeaways from Nio's third-quarter 2024 earnings call.
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Category: Earnings
Nio sees flat net loss, improved gross margin in Q3
Nio's net loss was essentially flat in the third quarter compared to the second quarter, and gross margins improved to 10.7 percent.
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Xpeng Q3 revenue beats estimates, gross margin hits record high
Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations.
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Xiaomi reports $1.3 billion in revenue from EV business in Q3 with 39,790 deliveries
In the third quarter, Xiaomi's innovation business, which includes EVs, had a gross margin of 17.1 percent and an average vehicle sales price of RMB 238,650.
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Zeekr sees net loss narrow significantly in Q3, revenue down slightly
Zeekr saw its net loss decrease by 37.0 percent in the third quarter, while lower battery pack sales dragged down revenue.
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Leapmotor aims to sell 500,000 cars in 2025
Leapmotor is targeting sales of 500,000 vehicles for the full year in 2025, with a gross margin of more than 10 percent, its management said.
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Leapmotor sees strong revenue growth, record gross margin in Q3
Leapmotor said it expects to exceed its full-year sales target of 250,000 units this year, with gross margin lifting further and net losses narrowing in the fourth quarter.
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Nio to report Q3 2024 earnings on Nov 20
Nio delivered a record 61,855 vehicles in the third quarter, within the guidance range of 61,000 to 63,000 vehicles.
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Li Auto beats Q3 revenue and net income estimates, but Q4 guidance appears to disappoint
Li Auto reported record revenue of RMB 42.9 billion in the third quarter, beating analysts' expectations as it delivered a record number of vehicles.
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BYD posts record Q3 net income, gross margin rebounds to 21.89%
BYD reported net income of RMB 11.607 billion in the third quarter, up 11.47 percent year-on-year and 28.08 percent from the second quarter.
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