The Nio brand has the chance to hit 25,000 monthly sales in the fourth quarter, said William Li.
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Category: Q1
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 reported net income of RMB 646.6 million ($89.1 million) in the first quarter, representing a year-on-year increase of 9.4 percent, despite a decrease of 81.7 percent from the fourth quarter of 2024.
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Xiaomi's innovative businesses, which include EV and AI, posted a gross margin of 23.2 percent in the first quarter, up from 20.4 percent in the fourth quarter last year.
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Xpeng will unveil the G7 SUV (sport utility vehicle) in June, which will be a very competitive product in the RMB 250,000 class.
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Xpeng will unveil the G7 SUV (sport utility vehicle) in June, which will be a very competitive product in the RMB 250,000 class.
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Nio Inc delivered 42,094 vehicles in the first quarter, within the guidance range of 41,000 to 43,000 vehicles.
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Xpeng's first-quarter net loss came in at RMB 660 million, the lowest since the second quarter of 2020.
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Leapmotor reported a net loss of RMB 130 million for the first quarter, a year-on-year decrease of 87.17 percent.
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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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