CnEVPost Newsletter: NIO earnings beat expectations
NIO's Q1 revenue soars 482% year-on-year to RMB 7.98 billion, beating expectations - CnEVPost — cnevpost.com NIO posted revenue of RMB 7.98 billion yuan ($1.22 billion) in the first quarter, beating market expectations of 6.645 billion yuan and up 481.63 percent from 1.372 billion yuan in the same period last year and up 20.16 percent from the fourth quarter.
NIO expects to deliver 21,000 to 22,000 vehicles in Q2 - CnEVPost Despite continued supply chain challenges, chip and battery supply shortages don't appear to be affecting NIO as badly as expected, as the Chinese electric car company continues to give strong second-quarter delivery guidance.
NIO earnings call: Chip shortage, ET7, LFP batteries, and more - CnEVPost William Li is confident about NIO's position in the market, saying that in the high-end market there is no brand that can compete fully with NIO, including products, services, and user communities.
XPeng builds 13 charging stations along route from Chengdu to Lhasa - CnEVPost Although the area is sparsely populated and sparsely traveled, electric vehicle companies don't want to forget about their customers here.
Tesla opens superchargers to Chinese users for free on May Day holiday, offers 45 days of free EAP access - CnEVPost As the May Day holiday in China approaches, Tesla is offering holiday benefits to owners.
Hainan to offer incentives of up to about $1,550 to consumers who buy new energy vehicles - CnEVPost On top of the subsidies that car companies receive for the sale of new energy vehicles, China's southernmost province of Hainan is giving additional rewards to consumers who buy such models in an effort to boost auto consumption.