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CnEVPost Newsletter: NIO Q4 earnings; China EV deliveries
NIO's vehicle margin was negatively impacted by 6.7 percentage points in the fourth quarter due to accelerated depreciation of production facilities and the loss of purchase commitments for older models.
NIO will begin deliveries of four new models in the second quarter, including the new ES6, with a fifth model to be delivered in July.
That delivery volume included 5,037 SUVs, and 7,120 sedans.
NIO's second NIO House in Germany will be located in Frankfurt. Its first flagship showroom in the country is located in Berlin.
As of February 28, NIO had 296 NIO Spaces worldwide, a reduction of three from 299 at the end of January.
The Highland version of the Model 3 is expected to go into production in Shanghai in September, while Tesla is also preparing a production revamp of the Model Y with the internal codename Juniper, according to Reuters.
On February 28, 6 units of the new Tesla Model S and Model X entered Chinese customs, according to local media.
The Model Y SUVs produced by Giga Shanghai since January 1 are equipped with an updated suspension system for improved comfort.
BYD sold 90,639 pure electric passenger vehicles and 101,025 plug-in hybrid passenger vehicles in February.
By the end of February, XPeng's cumulative deliveries since its inception stood at 269,938 vehicles, data monitored by CnEVPost show.
Li Auto's delivery guidance for the first quarter is 52,000 to 55,000 vehicles, and the latest figures mean it is on track to deliver between 20,239 and 23,239 vehicles in March.
Zeekr's Ningbo plant was shut down for 21 days around the Chinese New Year holiday and resumed production on February 1.
Beijing introduced a policy to encourage residents to replace their vehicles with NEVs in June 2022, and it expired at the end of last year.
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