Xpeng reported revenues largely in line with expectations in the second quarter, with gross margin increasing sequentially for the fourth consecutive quarter and net loss narrowing slightly from the first quarter.
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Category: Earnings
Despite improved gross margin, Leapmotor's losses continued to widen in the second quarter as it saw record quarterly R&D investments.
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Li Auto delivered 108,581 vehicles in the second quarter, within the guidance range of between 105,000 and 110,000 vehicles.
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Zeekr delivered a record 54,811 vehicles in the second quarter, an increase of 100.05 percent year-on-year and up 65.80 percent from the first quarter.
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Xpeng delivered 30,207 vehicles in the second quarter, within its guidance range of between 29,000 and 32,000 vehicles.
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CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat.
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Zeekr rose 8.2 percent to $25.6 in pre-market trading at press time.
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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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