Category: Earnings Call

Nio Q4 earnings call live updates: Alps brand to be unveiled in Q2, 1st car to launch in Q3

Nio's mass-market-oriented brand, codenamed Alps, will debut in the second quarter. The first model will be launched in the third quarter and mass delivery will begin in the fourth quarter.

The post Nio Q4 earnings call live updates: Alps brand to be unveiled in Q2, 1st car to launch in Q3 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

NIO Q1 earnings call: Live text updates

(Image credit: CnEVPost)

is holding a first-quarter earnings analyst call and this article will provide key highlights from the call, with the latest being at the top.

NIO is confident that the gross margin will return to double digits in the third quarter and to 15 percent in the fourth quarter.

NIO ES6's locked-in orders have met expectations and the test drive conversion rate is the highest of any model.

NIO is targeting 10,000 units of the new ES6 for both production and delivery in July.

The other models besides ES6 still have a chance to achieve the target of 20,000 units delivered per month, except that the ET5 faces a greater challenge after the withdrawal of national subsidies.

NIO will launch ET5 Touring on June 15.

The sub-brand ALPS is still on track and will start delivering products in the second half of next year. NIO will be managed more carefully in terms of pace and efficiency.

The development of models for NIO's second-generation platform has been completed, and now we need to think about how the marketing team can better sell the cars.

NIO's goal is to obtain a fair share of the current eight vehicles in their segments.

NIO Q1 earnings miss expectations, gross margin drops to 1.5%

The post NIO Q1 earnings call: Live text updates appeared first on CnEVPost.

For more articles, please visit CnEVPost.