Nio posted a net loss of RMB 4.99 billion ($697 million) in the second quarter, its smallest since the fourth quarter of 2023.
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Category: Guidance
Xpeng's net loss for the second quarter was RMB 480 million, marking the lowest level since the third quarter of 2020.
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Li Auto has updated its second-quarter delivery guidance to 108,000 vehicles, down from the previously announced range of 123,000 to 128,000 units.
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Nio's revenue for the first quarter was RMB 12 billion ($1.66 billion), an increase of 21.5 percent compared to the first quarter of 2024 and a decrease of 38.9 percent compared to the fourth quarter of 2024.
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Li Auto expects steady monthly deliveries of the Li Mega to reach 2,500-3,000 units, doubling the MPV's previous performance.
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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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