Li Auto guides for second-quarter vehicle deliveries to be in the range of 105,000 to 110,000, meaning it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.
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Xpeng delivered 21,821 vehicles in the first quarter, slightly above the lower end of the guidance range of 21,000 - 22,500 vehicles.
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Li Auto delivered 80,400 vehicles in the first quarter, exceeding the upper end of its lowered guidance range.
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BYD sold 626,263 NEVs in the first quarter, a 33.71 percent decrease from the fourth quarter of 2023 due to seasonal factors.
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CATL reported revenue of RMB 79.77 billion in the first quarter, a new low since the second quarter of 2022.
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A heated price war in China's NEV sector late last year and incentives offered by BYD to dealers may have dragged down profits.
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Xpeng delivered solid fourth-quarter earnings although the guidance came in soft, said Deutsche Bank.
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Xpeng reported total revenues of RMB 13.05 billion ($1.84 billion) in the fourth quarter of 2023, an increase of 153.9 percent from the same period in 2022 and 53.0 percent from the third quarter of 2023.
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CATL has 32.67 percent of its revenue coming from overseas in 2023, up from 23.41 percent in 2022, as it begins deliveries to foreign customers.
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Nio reported mixed fourth-quarter results while providing a better than feared first-quarter outlook, said Deutsche Bank.
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