Earnings

Deutsche Bank's Edison Yu's team sent their first look to investors following Li Auto's third-quarter report.

Li Auto reported a net loss of RMB 21.5 million in the third quarter, narrowing by 80 percent from the same quarter last year and 91 percent from the second quarter.

December can at least come close to hitting the 15,000 target Xpeng management had previously laid out for peak 4Q monthly volume.

Xpeng will explore the Robotaxi business in the second half of 2022, and deliveries of the G9 SUV will begin in the third quarter of next year.

Xpeng's guidance for fourth-quarter deliveries was 34,500-36,500 units, which implies it could deliver a total of 24,362-26,362 units in November and December.

Xpeng delivered 25,666 vehicles in the third quarter, up 199.2 percent year-on-year and up 47.5 percent from the second quarter.

Previously announced figures show that Li Auto delivered 25,116 Li ONEs in the third quarter, up 190 percent from a year ago and 43 percent from the second quarter.

Faraday Future has formed a special committee to review allegations of inaccurate disclosures.

Nio plans to have the ET7 available in showrooms around Chinese New Year, which arrives on February 1. It is targeting a 25 percent gross margin on the NT2-based models.

Nio announced its third-quarter earnings today, and Deutsche Bank analyst Edison Yu's team offered their first look.