Zeekr Group reported revenue of RMB 22 billion ($3.03 billion) in the first quarter, up 1.1 percent year-on-year while down 37.8 percent from the fourth quarter.
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Category: Earnings
Li Auto delivered 92,864 vehicles in the first quarter, near the upper end of its guidance range.
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Xpeng delivered 94,008 vehicles in the first quarter, exceeding the upper end of its guidance range.
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BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.
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Tesla reported net income of $409 million in the first quarter, down 70.58 percent year-on-year.
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CATL reported net income of RMB 13.96 billion ($1.9 billion) in the first quarter, up 32.85 percent year-on-year, albeit down 5.30 percent from the fourth quarter of 2024.
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BYD said it expects net income in the first quarter to be between RMB 8.5 billion and RMB 10 billion, a year-on-year increase of 86.04 percent to 118.88 percent.
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BYD's net income in the fourth quarter was a record RMB 15.02 billion ($2.07 billion), as NEV sales reached an all-time high.
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This post provides live updates on the key takeaways from Nio's fourth-quarter 2024 earnings call.
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Nio's net loss in the fourth quarter was a record RMB 7.11 billion yuan, an increase of 40.6 percent from the third quarter, as SG&A expenses hit a record high.
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