Earnings Preview

Nio needs to sort out its strategic direction to turn profitable in foreseeable future, analysts say

Nio still needs to get its strategic direction sorted out before it can expect to turn profitable in the foreseeable future, particularly for its second brand, Alps, analysts at CM ...

Chinese lithium producers expect net profit to plunge in 2023 on falling lithium prices

Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices. ...

CATL expects profit growth of up to 48% in 2023

The earnings preview implies CATL returned to net profit growth in the fourth quarter, after seeing a sequential decline in the third quarter. ...

Analysts explain why BYD's average profit per car fell in Q4

BYD's average profit per vehicle fell by about RMB 1,400 in the fourth quarter from the third quarter, mainly due to promotions through discounts and incentives offered to dealers, ...

BYD expects profit growth of up to 86.49% in 2023

BYD achieved a significant improvement in earnings, demonstrating strong resilience despite tougher competition in the industry, the company said. ...

Battery maker Gotion expects 2023 profit to increase by up to 253%

Gotion said further reductions in raw material costs and the introduction of Volkswagen's management system have helped it improve efficiency. ...

Nio Q3 earnings preview: In-line results expected, Q4 outlook could be soft

Steps being taken by Nio should bear fruit in the coming quarters, but a material improvement in the sales trajectory may take more time, Edison Yu's team said. ...

Xpeng Q3 earnings preview: In-line results expected, margins likely to beat

"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the gro ...

Li Auto Q3 earnings preview: Solid quarter expected, should competition from Aito be a concern?

While demand for Li Auto's vehicles remains robust, investor concerns about competition have increased, particularly around Huawei-backed Aito, said Deutsche Bank analyst Edison Yu ...

Nio Q2 earnings preview: Gross margin to remain under pressure, but stronger execution starts to show

Nio's gross margin will be under pressure due to lower deliveries, but stronger execution is starting to show up, which could help vehicle margins recover in the second half, accor ...