CnEVPost Newsletter: NIO Q3 revenue beats expectations
NIO reports Q3 revenue that beats expectations, offers conservative Q4 guidance - CnEVPost — cnevpost.com NIO's fourth-quarter delivery guidance of 43,000 to 48,000 units means it expects cumulative deliveries in November and December to reach 32,941 to 37,941 units.
NIO Q3 earnings: Deutsche Bank's first look - CnEVPost NIO reported mostly soft 3Q results, especially on margin, but provided a better than-feared 4Q volume outlook.
NIO will launch five models in the first half of next year, and by June there will be a total of eight available models.
NIO ET7 wins Germany's prestigious Golden Steering Wheel award - CnEVPost NIO officially launched the ET7, EL7 and ET5 in Europe last month, with deliveries of the ET7 already starting on October 17, although it is currently only available in lease model.
NIO's '866' models see wait times drop to about 2 weeks - CnEVPost The latest expected delivery times for NIO ES8, ES6 and EC6 are all around 2 weeks after locking in orders, down from 2-3 weeks previously.
Tesla Shanghai inventory increases at record pace in Oct - CnEVPost While Tesla's inventory numbers remain low relative to established automakers, building inventory has been a down-cycle indicator for the industry.
Li Auto begins deliveries of Li L8 - CnEVPost Since its launch, the Li L8 has received positive feedback and widespread recognition from consumers, and the number of orders continues to grow, Li Auto said.
BYD contributes 11% of China's retail auto sales in Oct - CnEVPost BYD was the top auto brand in China in terms of retail sales for the fourth consecutive month this year.
Geely's Radar brand officially launches RD6 electric pickup truck - CnEVPost The RD6 starts at about $24,700, and Radar says the model will disrupt traditional pickup scenarios.
2022 Beijing auto show officially canceled - CnEVPost The 2022 Beijing auto show was scheduled to take place from April 21 to April 30, but was postponed in early April.
China NEV sales reach record 714,000 units in Oct, CAAM data show - CnEVPost China's auto industry is currently maintaining momentum in production and wholesale sales, but growth in the consumer market has been slightly sluggish, the CAAM said.
China Oct power battery installations: Total volume down 3.5% from Sept, CATL share at 48.33% - CnEVPost BYD ranked second with 25.36 percent share, CALB and Gotion High-tech ranked third and fourth with 6.76 percent and 4.52 percent shares respectively.