The Zeekr brand delivered 79,250 vehicles in the fourth quarter of 2024, an increase of 99.84 percent year-on-year and up 44.08 percent over the third quarter.
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The Zeekr brand delivered 79,250 vehicles in the fourth quarter of 2024, an increase of 99.84 percent year-on-year and up 44.08 percent over the third quarter.
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The automotive business was the main reason for Tesla's weaker-than-expected earnings, as incentives were more intense than expected.
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CATL's net income in the fourth quarter is expected to be a record RMB 17 billion, up 31.01 percent year-on-year and up 29.41 percent from the third quarter, CnEVPost calculations show.
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Great Wall Motor's net income in 2024 is expected to range from RMB 12.4 billion ($1.7 billion) to RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023.
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Leapmotor attributes this to continued volume growth, product mix optimization, cost control and operational efficiency.
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This article is a live update of the main takeaways from Nio's third-quarter 2024 earnings call.
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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 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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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 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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