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Nio's Q2 earnings call: Here's everything you need to know
Nio reported its second-quarter earnings on Thursday Beijing Time and held an analyst call to unveil some key plans for the future.
Nio's William Li visited SAIC-GM-Wuling, maker of Mini EV
William Li, the founder, chairman, and CEO of Nio, recently visited SAIC-GM-Wuling, the maker of China's best-selling electric vehicle, the Mini EV.
Nio's self-driving team to expand 60% to 800 within the year
Nio's autonomous driving-related team is currently around 500 people, and will increase by 300 to 800 by the end of the year, William Li, founder, chairman and chief executive officer of Nio, said during the company's second-quarter conference call.
Nio's NAD will deliver the best experience of autonomous driving, CEO says
“We believe that NAD will deliver the best experience of autonomous driving and lead the charge of autonomous driving technology development in the industry,” he said.
Nio to launch lower-priced model next year
Nio will launch a lower-priced model next year, but will still maintain its premium positioning, William Li, founder, chairman and chief executive officer of Nio, said during the company's second-quarter conference call.
Nio Pilot take rate exceeded 80% in Q2
In the second quarter, the take rate of Nio Pilot exceeded 80 percent, William Li, founder, chairman and chief executive officer of Nio, said.
Nio confirms it will enter mass market via new brand
"The Nio brand has a similar relationship to the new brand as Lexus has to Toyota, and Audi has to Volkswagen," said William Li.
Deutsche Bank's first look on Nio Q2 earnings: Lower gross margin likely due to higher supply chain inefficiencies
Nio reported Q2 earnings earlier today that exceeded Wall Street's expectations, and Deutsche Bank analyst Edison Yu's team released their initial take.
Nio aims to deliver three new products in 2022
Nio aims to deliver three products based on Nio Technology Platform 2.0 in 2022, including its flagship sedan, the ET7.
Nio's Q2 revenue reaches $1.3 billion, beating expectations
Nio reported Q2 revenue of RMB 8.45 billion ($1.3 billion), beating analysts' estimates of RMB 8.29 billion and coming close to the upper end of its guidance.
