Nio announced its Q2 earnings today, and here are the key takeaways from the earnings call, with the latest being at the top.
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Tagged: eV
Nio Q2 earnings: Deutsche Bank’s 1st look
Deutsche Bank says Nio's third-quarter delivery guidance is below their expectations, which could mean that new order flow will be hard to sustain after the initial surge.
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Report: EVs now top 5% of new vehicle sales in 23 countries
EVs have surpassed at least 5% of new car sales in 23 countries, according to a new Bloomberg report. Much of that sales growth has happened in the past year, according to the report. Five more countries have 5% EV sales—which Bloomberg analysts consider a tipping point for mass adoption—than a year ago. And median EV sales were up 55%... China NEV sales in week 34: BYD 51,700, Tesla 17,000, Nio 5,000
Almost the whole market was up in W34. Xpeng grew 50% up, Zeekr grew 106% up, and Tesla and Nio grew 22% up. Li Auto -3.75% down.
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Nio posts Q2 revenue of RMB 8.77 billion, down 17.86% from Q1
Nio reported revenue of RMB 8.77 billion in the second quarter, missing market expectations of RMB 9.254 billion, compared with RMB 10.29 billion in the same period last year.
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BYD sold 1.25 million cars and made a profit of 1.5 billion USD in H1 2023
On August 28, BYD released its 2023 H1 financial report. On August 28, BYD released its 2023 H1 financial report. BYD achieved a revenue of 35.86 billion in H1 2023 and made a profit of 1.51 billion USD.
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SAIC’s 1st customized ocean-going car carrier launched
A previous report said that a number of Chinese automakers, including Chery and Nio, were planning to order their own car carriers.
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China EV insurance registrations for the week ending Aug 27: Tesla 17,000, Li Auto 7,700, Nio 5,000
Between August 1 and August 27, Nio registered 16,000, Xpeng 11,700, Li Auto 29,100, and Tesla 56,400 EVs in China.
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Li Auto L6 EREV SUV spied in China. To launch in 2024 with a price under 41,200 USD
The Li Auto L6 EREV SUV was spotted in China during road tests for the first time. Previously, a lot of media confused it with the Li Auto L7.
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Chery and Huawei developed Luxeed S7 to start deliveries at Guangzhou Auto Show
Chery and Huawei developed electric sedan, Luxeed S7, will start taking small deposit orders next month, while the full deposit orders will start October. The EV is expected to enter stores on October 20th and start deliveries during Guangzhou Auto Show on November 17th.
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