Wall Street expects Nio's revenue to be RMB 17.385 billion in the second quarter, exceeding the upper end of the EV maker's guidance range as deliveries unexpectedly beat guidance.
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Category: Earnings Preview
Nio earnings preview: Here’s what to watch for Q4 2023 report
Focus will mostly be on the gross margin, and Nio management's guidance for first-quarter deliveries are expected to be weak.
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Nio needs to sort out its strategic direction to turn profitable in foreseeable future, analysts say
Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CMB International said.
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Chinese lithium producers expect net profit to plunge in 2023 on falling lithium prices
Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices.
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CATL expects profit growth of up to 48% in 2023
The earnings preview implies CATL returned to net profit growth in the fourth quarter, after seeing a sequential decline in the third quarter.
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Analysts explain why BYD’s average profit per car fell in Q4
BYD's average profit per vehicle fell by about RMB 1,400 in the fourth quarter from the third quarter, mainly due to promotions through discounts and incentives offered to dealers, a team of analysts said.
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BYD expects profit growth of up to 86.49% in 2023
BYD achieved a significant improvement in earnings, demonstrating strong resilience despite tougher competition in the industry, the company said.
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Battery maker Gotion expects 2023 net profit to increase by up to 253%
Gotion said further reductions in raw material costs and the introduction of Volkswagen's management system have helped it improve efficiency.
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Nio Q3 earnings preview: In-line results expected, Q4 outlook could be soft
Steps being taken by Nio should bear fruit in the coming quarters, but a material improvement in the sales trajectory may take more time, Edison Yu's team said.
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Xpeng Q3 earnings preview: In-line results expected, margins likely to beat
"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the group," Deutsche Bank said.
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