Guidance

Li Auto posted a net loss of RMB 624 million yuan ($87.7 million) in the third quarter, marking its first return to a loss since the fourth quarter of 2022.

Nio's third-quarter net loss decreased 31.2 percent year-on-year as R&D expenses fell 28 percent, while SG&A expenses remained largely flat from last year.

Nio posted a net loss of RMB 4.99 billion ($697 million) in the second quarter, its smallest since the fourth quarter of 2023.

Xpeng's net loss for the second quarter was RMB 480 million, marking the lowest level since the third quarter of 2020.

Li Auto has updated its second-quarter delivery guidance to 108,000 vehicles, down from the previously announced range of 123,000 to 128,000 units.

Nio experienced an operating cash outflow in the first quarter, with current liabilities exceeding current assets.

Li Auto expects steady monthly deliveries of the Li Mega to reach 2,500-3,000 units, doubling the MPV's previous performance.

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.

Xpeng today announced its Q4 2024 financial results and held an analyst call afterwards. This post is a live update from that call.