Phate Zhang

Gotion's net profit for the first half of the year reached RMB 209 million, up 223.75 percent year-on-year.

Neta has announced the closing of a RMB 7 billion Crossover round of financing, without revealing any other details about the funding.

Nio announced its Q2 earnings today, and here are the key takeaways from the earnings call, with the latest being at the top.

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.

Nio missed Wall Street's revenue estimates and widened its net loss to RMB 6.06 billion in the second quarter, but gave a third-quarter outlook that beat expectations.

A previous report said that a number of Chinese automakers, including Chery and Nio, were planning to order their own car carriers.

Between August 1 and August 27, Nio vehicles saw 16,000 insurance registrations in China, Xpeng at 11,700, Li Auto at 29,100 and Tesla at 56,400 units.

The key to the deal is that Xpeng can get more sales by tapping into Didi's massive network of 19 million drivers in China, Deutsche Bank said.

BYD reported revenue of RMB 1,399.5 in the second quarter, the second highest on record after the fourth quarter of 2022.

Nio's overall order intake peaked in July after a significant price cut in June, according to Morgan Stanley.