Quarterly Results

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.

Nio aims to deliver 150,000 vehicles in the fourth quarter, averaging 50,000 deliveries per month.

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

In the second quarter, Nio Inc delivered 72,056 vehicles, within the guidance range of 72,000 to 75,000 vehicles.

Xpeng's new generation P7 sedan will be launched next week.

The gross margin for Xiaomi's innovative businesses, including EV and AI, was 26.4 percent in the second quarter, higher than 23.2 percent in the first quarter.

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