Quarterly Results

In the second quarter, Li Auto delivered 111,074 cars, exceeding the reduced guidance provided by Li Auto on June 27.

In the second quarter, Xpeng delivered a record 103,181 vehicles, within the guidance range of 102,000 to 108,000 units.

This will be Zeekr's first earnings report without a conference call since its NYSE listing in May 2024, as it is set to complete its privatization in the fourth quarter.

Nio's third factory will officially start production in September, and some production lines will operate on a double shift basis as needed.

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

Xiaomi's innovative businesses, which include EV and AI, posted a gross margin of 23.2 percent in the first quarter, up from 20.4 percent in the fourth quarter last year.

Xpeng is confident that sales will more than double in 2025 and expects the company to be profitable in the fourth quarter of this year.

Xpeng's first-quarter net loss came in at RMB 660 million, the lowest since the second quarter of 2020.

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.

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