Nio delivered 31,041 vehicles in the first quarter, slightly above the lower end of its guidance range of 31,000 to 33,000 vehicles.
Nio (NYSE: NIO) will report first quarter unaudited financial results on Friday, June 9, before the US market opens, the company announced today.
Previous figures showed it delivered 31,041 vehicles in the first quarter, just above the lower end of its guidance range of 31,000 to 33,000 vehicles.
Nio's previous revenue guidance for the first quarter was between RMB 10.93 billion and RMB 11.54 billion, implying year-on-year growth of about 10.2 percent to 16.5 percent.
Li Auto (NASDAQ: LI) already reported first-quarter earnings that beat expectations yesterday, sending its shares soaring 13.93 percent in US trading on Wednesday.
Li Auto's deliveries in the first quarter were slightly above the lower end of its guidance range, but revenue was above the upper end of the guidance range.
Xpeng (NYSE: XPEV) will report first-quarter earnings on May 24.
By the time Nio reports its first-quarter earnings, its deliveries in May should have been released on June 1. Therefore, its delivery guidance for the second quarter will then imply the company's delivery expectations for June.
Nio will officially launch the new ES6 later this month, which will be a model of strategic importance to it. The company today asked its community for input on the pricing of the SUV.
Nio's management will host an earnings conference call on June 9 at 8:00 am US Eastern Time (8:00 pm Beijing Time on June 9).
A live and archived webcast of the conference call will be available on Nio's investor relations website at https://ir.nio.com/news-events/events.
Participants who wish to participate in the conference using dial-up may register in advance using the link provided below.
https://s1.c-conf.com/diamondpass/10030774-agy6dc.html
A replay of the conference call will be available through June 16, 2023 at the following numbers:
United States: +1-855-883-1031
Hong Kong, China: +852-800-930-639
Chinese mainland: +86-400-1209-216
Singapore: +65-800-1013-223
International: +61-7-3107-6325
Replay PIN: 10030774
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