Among NIO, XPeng and Li Auto, NIO is usually the last to announce quarterly results, but this time it is ahead of its two peers.
NIO announced today that it will report its unaudited financial results for the third quarter of 2022 on Thursday, November 10, before the US markets open.
Previously released figures have shown that the company delivered 31,607 vehicles in the third quarter, a record high.
The deliveries were up 29.33 percent from 24,439 units in the same period last year and 26.13 percent from 25,059 units in the second quarter.
NIO guided for 31,000-33,000 deliveries for the third quarter when it announced its second-quarter earnings on September 7.
The company's guidance for third-quarter revenue was between RMB 12.85 billion and RMB 13.6 billion, implying year-on-year growth of about 31.0 percent to 38.7 percent.
It is worth noting that among the Chinese EV trio -- NIO, XPeng Motors and Li Auto -- NIO is usually the last to announce its quarterly results.
However, this time NIO will announce its third quarterly report earlier than its two local counterparts, while XPeng and Li Auto have yet to announce the release of their third-quarter earnings.
NIO's management will host an earnings conference call at 7:00 am US Eastern Time on November 10, 2022 (8:00 pm Beijing/Hong Kong/Singapore Time on November 10, 2022).
Delivery arrangements for the ET5 will be one of the main concerns at that time. Earlier today, a CnEVPost report mentioned that the sedan is experiencing delivery delays due to Covid.
William Li, founder, chairman and CEO of NIO, said during the second-quarter earnings call on September 7 that NIO was well prepared for ET5 deliveries exceeding 10,000 in a single month in December, with a higher internal target.
A live and archived webcast of the third-quarter conference call will be available on the Company's investor relations website at https://ir.nio.com/news-events/events.
For participants who wish to join the conference using dial-in numbers, they will need to register in advance using the link provided below and dial in 10 minutes prior to the call. Dial-in numbers, passcode and unique access PIN would be provided upon registering.
A replay of the conference call will be accessible by phone at the following numbers, until November 17, 2022:
United States: +1-855-883-1031
Hong Kong, China: +852-800-930-639
Chinese mainland: +86-400-1209-216
Replay PIN: 10026395