Earnings

Nio posted revenue of RMB 7.98 billion yuan ($1.22 billion) in the first quarter, beating market expectations of 6.645 billion yuan and up 481.63 percent from 1.372 billion yuan in the same period last year and up 20.16 percent from the fourth quarter.

China continues to be Tesla's second-largest market globally, but the gap with the size of the US market narrowed further.

CATL's installed capacity of power batteries was 31.9 GWh, accounting for 50% of the Chinese market.

In the first quarter, Xpeng delivered 13,300 new vehicles, an increase of 487% year-on-year.

Nio delivered 20,060 vehicles in the first quarter, up 422.7 percent year-on-year, the first time it has reached over 20,000 deliveries in a single quarter.

Xpeng expects to deliver approximately 12,500 vehicles in the first quarter and expects first-quarter revenue of about RMB 2.6 billion.

Chinese electric vehicle maker Nio reported unaudited financial results for the fourth quarter and full-year of 2020. The company’s executives held a conference call after that. Here is what they said.

Chinese electric vehicle maker Nio reported revenue of RMB 6.64 billion in the fourth quarter of 2020, in line with analysts' expectations of RMB 6.64 billion, and up 46.7 percent from the third quarter of 2020.

Chinese electric vehicle maker Li Auto reported revenue of RMB 4.15 billion yuan in the fourth quarter of 2020, above market expectations of RMB 3.793 billion and up 65.2 percent from RMB 2.51 billion in the previous quarter.

Data compiled by cnEVpost showed Xpeng delivered 12,964 vehicles in the fourth quarter and 27,041 in 2020.