Deutsche Bank says Nio's third-quarter delivery guidance is below their expectations, which could mean that new order flow will be hard to sustain after the initial surge.
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Nio reported revenue of RMB 8.77 billion in the second quarter, missing market expectations of RMB 9.254 billion, compared with RMB 10.29 billion in the same period last year.
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Between August 1 and August 27, Nio registered 16,000, Xpeng 11,700, Li Auto 29,100, and Tesla 56,400 EVs in China.
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Nio's overall order intake peaked in July after a significant price cut in June, according to Morgan Stanley.
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The Nio phone will be officially launched in late September and will be a flagship Android-powered phone that is very recognizable from the back, according to local media.
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Nio has added 395 new battery swap stations in China so far this year, and it aims to add a total of 1,000 this year.
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This is Nio's 134th Nio House worldwide and its first zero-carbon facility. It has a design not found in all other such facilities -- a corridor that provides direct access to Nio's F2 factory.
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In China, Ascott currently owns and manages over 200 properties in 42 cities.
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The Nio House is Nio's largest in the world, with a corridor connecting directly to its F2 factory.
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The new EC6 was not unveiled at the Chengdu auto show, which starts today, and Nio didn't hold a press conference at the event like it did last year.
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