Earnings
Nio Q2 earnings call: Onvo L60 to be launched on Sept 19, F3 plant to start production in Q3 2025
Nio is holding a second-quarter earnings analyst call, and this post is CnEVPost's live update of the main points from the call.
Nio posts better-than-expected Q2 earnings as deliveries hit record high
Nio reported a total revenue of RMB 17.446 billion ($2,400.6 million) in the second quarter, better than the RMB 17.385 billion expected by Wall Street analysts.
Nio Q2 2024 earnings: Here's what Wall Street is expecting
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.
BYD sees Q2 net income double from Q1, gross margin slips
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.
Li Auto sees net income rebound in Q2 while gross margin slips further
Li Auto reported second quarter results that were generally in line with expectations, with net income up 86.24 percent from the first quarter while gross margin slipping to 19.5 percent.
Nio to report Q2 2024 earnings on Sept 5
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.
Zeekr sees Q2 revenue up 36% from Q1, gross margin rises to 17.2%
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.
Xpeng sees gross margin improve further in Q2, net loss narrows
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.
Leapmotor sees Q2 gross margin turn positive, prioritizes volume
Despite improved gross margin, Leapmotor's losses continued to widen in the second quarter as it saw record quarterly R&D investments.
Li Auto to report Q2 2024 earnings on Aug 28
Li Auto delivered 108,581 vehicles in the second quarter, within the guidance range of between 105,000 and 110,000 vehicles.
