BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.
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BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.
For details, please visit CnEVPost.
Tesla reported net income of $409 million in the first quarter, down 70.58 percent year-on-year.
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CATL reported net income of RMB 13.96 billion ($1.9 billion) in the first quarter, up 32.85 percent year-on-year, albeit down 5.30 percent from the fourth quarter of 2024.
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BYD said it expects net income in the first quarter to be between RMB 8.5 billion and RMB 10 billion, a year-on-year increase of 86.04 percent to 118.88 percent.
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BYD's net income in the fourth quarter was a record RMB 15.02 billion ($2.07 billion), as NEV sales reached an all-time high.
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This post provides live updates on the key takeaways from Nio's fourth-quarter 2024 earnings call.
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Nio's net loss in the fourth quarter was a record RMB 7.11 billion yuan, an increase of 40.6 percent from the third quarter, as SG&A expenses hit a record high.
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Zeekr reported a net loss of RMB 821 million ($112 million) in the fourth quarter, a year-on-year decrease of 72.1 percent and a quarter-on-quarter decrease of 28.0 percent.
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Xiaomi's innovative business, including EVs, posted a gross margin of 20.4 percent in the fourth quarter, up from 17.1 percent in the third quarter.
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Xpeng today announced its Q4 2024 financial results and held an analyst call afterwards. This post is a live update from that call.
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