Earnings

Li Auto posted a net loss of RMB 624 million yuan ($87.7 million) in the third quarter, marking its first return to a loss since the fourth quarter of 2022.

Analysts at CMB International believe Nio won't be able to break even in the fourth quarter, citing the difficulty in controlling sales and administrative expenses.

Nio will launch two new models in the second quarter of 2026 and one new model in the third quarter.

Nio's third-quarter net loss decreased 31.2 percent year-on-year as R&D expenses fell 28 percent, while SG&A expenses remained largely flat from last year.

Pony AI said its seventh-generation robotaxi has achieved city-wide unit economics breakeven in Guangzhou.

This could be seen as Xiaomi EV achieving its first quarterly profit, as the EV business contributed 97.6 percent of Xiaomi's innovative business revenue.

Xpeng aims to achieve breakeven in the fourth quarter.

Zeekr Group reported a net loss of RMB 307 million ($43 million) in the third quarter, down 84.9 percent from RMB 2.028 billion in the third quarter 2024.

Geely Auto reported a net income of RMB 3.82 billion ($538 million) for the third quarter, marking a 59 percent year-on-year increase.

Li Auto delivered 93,211 cars in the third quarter, down 39.01 percent year-on-year and down 16.08 percent from the second quarter.