Quarterly Results

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.

Analysts at CMB International believe Nio won't be able to break even in the fourth quarter, citing the difficulty in controlling sales and administrative expenses.

Nio will launch two new models in the second quarter of 2026 and one new model in the third quarter.

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.

Pony AI said its seventh-generation robotaxi has achieved city-wide unit economics breakeven in Guangzhou.

Li Auto delivered 93,211 cars in the third quarter, down 39.01 percent year-on-year and down 16.08 percent from the second quarter.

In the third quarter, Nio delivered a record 87,071 vehicles, within its guidance range of 87,000 to 91,000 units.

Xpeng delivered 116,007 vehicles in the third quarter, marking its fourth consecutive quarter of record-high deliveries.

CATL recorded revenue of RMB 104.2 billion in the third quarter, rising 12.90 percent year-on-year.

Zeekr Group delivered 140,195 vehicles in the third quarter, growing 12.51 percent year-on-year.