Earnings

Ganfeng Lithium's sales volume and average sales price rose as the market demand for lithium products increased due to the rapid development of the new energy industry.

Lithium-ion battery makers accelerated capacity expansion, and Tianqi Lithium's key lithium products saw significant increases in both sales volume and average sales price compared to the same period last year.

BYD expects third quarter net profit to be RMB 5.5 billion to RMB 5.9 billion, up 333.60 percent to 365.11 percent from RMB 1.27 billion in the same period last year.

Gotion expects third-quarter net profit to reach RMB 82.35 million ($11.45 million) to RMB 97.19 million, up 318.9 percent to 394.4 percent from a year ago.

In the first three quarters, CATL expects a net profit of RMB 16.5 billion to 18 billion, up 112.87 percent to 132.22 percent year-on-year.

The earnings report represents the final reset of numbers before the long-awaited product supercycle takes off and Nio can finally demonstrate the power of its brand and ecosystem.

Nio expects record deliveries in each month of the fourth quarter, while mass production of the 150-kWh pack will be delayed by several months.

Nio's guidance of 31,000-33,000 vehicle deliveries for the third quarter means it expects September deliveries of 10,271 to 12,271.

An increase in vehicle prices and an upward pivot in its product sales mix are seen as the main reasons why BYD beat earnings estimates in the second quarter.

BYD reported basic earnings per share of RMB 1.24 in the first half of the year, which was at the upper end of the previously previewed range of RMB 0.96 to RMB 1.24.