Smart and Sustainable Electric Mobility
Nio reports generally solid first-quarter result and provided a better-than-expected second-quarter volume outlook, said Deutsche Bank.
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Nio today reported Q1 2024 financial results and held an analyst call afterwards. This article is a real-time update of the key takeaways from that call.
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Nio guided for second-quarter deliveries of between 54,000 and 56,000 units, meaning June deliveries are expected to be between 17,836 and 19,836 units.
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Polestar now has access to more than 2,200 Nio charging stations, including more than 11,000 charging stalls.
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Firefly's first model will make its debut in China, possibly at the end of this year, before launching in Europe in the first half of next year, according to local media.
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Nio is looking to its partners for cost-cutting advice, saying their expertise and industry experience will be important in meeting its cost-cutting goals.
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BYD and Tesla both saw record highs in new orders in China in May, according to Deutsche Bank.
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Nio's F3 plant is located in Hefei's NeoPark, and with the subsequent launch of new products, the production capacity of the existing 2 factories can no longer meet demand, Qin Lihong said.
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The new plant will have a capacity of up to 600,000 units per year, which will raise its total capacity to 1 million units, according to Reuters.
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Entry into the list lays the groundwork for the commercialization of high-level autonomous driving capabilities, Nio said.
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