Nio to report Q1 2024 earnings on Jun 6
Nio delivered 30,053 vehicles in the first quarter, hitting its lowered guidance of about 30,000.
China NEV retail at 412,000 in May 1-19, up 10% from same period last month
China's retail penetration of NEVs stood at 45.78 percent in the May 1-19 period, and 39.4 percent year-to-date.
CATL makes overseas expansion top priority as domestic competition intensifies
CATL's efforts to expand overseas markets are now being personally led by its chairman, and the company will add two additional overseas plants to the six it has previously disclosed, according to local media.
Nio signs partnership memo with Hungarian university to enhance local engagement
Nio said it hopes to use the partnership to promote exchanges with local young scholars, apply for European research programs, and conduct joint product development and testing.
Nio partners with FAW Group on battery swap
FAW Group becomes the seventh to join the Nio-led battery swap alliance after GAC Group, Changan Automobile, Geely Holding, Chery, JAC and Lotus.
Xpeng Q1 2024 earnings: Deutsche Bank's 1st look
"XPeng delivered 1Q24 earnings upside driven by earlier-than-expected recognition of high-margin VW tech and service revenue; 2Q24 volume outlook also came in better than feared," Deutsche Bank said.
Xpeng Q1 2024 earnings call: Live updates
The first model from Xpeng's Mona sub-brand will be unveiled in June and will go on sale and start deliveries in the third quarter.
Xpeng Q1 earnings beat estimates, gross margin bounces back to over 1-year high
Xpeng's first-quarter revenue beat Wall Street estimates, gross margin rebounded further to a new high since the third-quarter of 2022, despite conservative guidance for second-quarter deliveries.
China EV insurance registrations for week ending May 19: Nio 4,400, Tesla 13,900, BYD 53,600, Xiaomi 2,000
Between May 1-19, Nio had 10,000 insurance registrations, Tesla 30,800, BYD 154,900, Xiaomi 4,000, Li Auto 18,600, and Xpeng 4,800 units.
Huawei's car business turns profitable in Q1, exec says
Huawei's automotive business has already turned profitable as sales explode, especially for the Aito brand, an executive said.