Earnings

Li Auto delivered 92,864 vehicles in the first quarter, near the upper end of its guidance range.

Xpeng delivered 94,008 vehicles in the first quarter, exceeding the upper end of its guidance range.

BYD reported a net income of RMB 9.16 billion ($1.26 billion) in the first quarter, up 100.38 percent year-on-year.

Tesla reported net income of $409 million in the first quarter, down 70.58 percent year-on-year.

CATL reported net income of RMB 13.96 billion ($1.9 billion) in the first quarter, up 32.85 percent year-on-year, albeit down 5.30 percent from the fourth quarter of 2024.

BYD said it expects net income in the first quarter to be between RMB 8.5 billion and RMB 10 billion, a year-on-year increase of 86.04 percent to 118.88 percent.

BYD's net income in the fourth quarter was a record RMB 15.02 billion ($2.07 billion), as NEV sales reached an all-time high.

This post provides live updates on the key takeaways from Nio's fourth-quarter 2024 earnings call.

Nio's net loss in the fourth quarter was a record RMB 7.11 billion yuan, an increase of 40.6 percent from the third quarter, as SG&A expenses hit a record high.

Zeekr reported a net loss of RMB 821 million ($112 million) in the fourth quarter, a year-on-year decrease of 72.1 percent and down 28.0 percent from the third quarter.