Wall Street expects Nio's revenue to be RMB 17.385 billion in the second quarter, exceeding the upper end of the EV maker's guidance range as deliveries unexpectedly beat guidance.
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Category: Earnings
BYD's net income in the second quarter was up 98.36 percent from the first quarter, while gross margin was 18.69 percent, down 3.19 percentage points from the first quarter.
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Li Auto's net income rose 86.24 percent in the second quarter from the first quarter, while gross margins slipped to 19.5 percent.
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Nio delivered a record 57,373 vehicles in the second quarter, exceeding the upper end of its guidance range of between 54,000 and 56,000 vehicles.
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Zeekr reported gross margins of 17.2 percent in the second quarter, compared to 12.3 percent in the second quarter of 2023 and 11.8 percent in the first quarter of 2024.
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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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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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