CnEVPost Newsletter: NIO Q4 earnings; China EV deliveries

Mar 1, 2023

NIO reports record Q4 revenue, but falls short of expectations

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 Q4 earnings call: Live updates

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.

NIO delivers 12,157 vehicles in Feb, up 43% from Jan

That delivery volume included 5,037 SUVs, and 7,120 sedans.

NIO to open its 2nd NIO House in Germany on March 30

NIO's second NIO House in Germany will be located in Frankfurt. Its first flagship showroom in the country is located in Berlin.

NIO adds 6 new service centers, 8 swap stations globally in Feb

As of February 28, NIO had 296 NIO Spaces worldwide, a reduction of three from 299 at the end of January.

Tesla expected to put new Model 3 into production in Shanghai in Sept; prepares to revamp Model Y, report says

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.

Tesla's new Model S and Model X being imported into China as deliveries near

On February 28, 6 units of the new Tesla Model S and Model X entered Chinese customs, according to local media.

Tesla upgrades China-made Model Y with new suspension system to improve comfort

The Model Y SUVs produced by Giga Shanghai since January 1 are equipped with an updated suspension system for improved comfort.

BYD posts 193,655 NEV sales in Feb, up 28% from Jan

BYD sold 90,639 pure electric passenger vehicles and 101,025 plug-in hybrid passenger vehicles in February.

XPeng delivers 6,010 vehicles in Feb, up 15.18% from Jan

By the end of February, XPeng's cumulative deliveries since its inception stood at 269,938 vehicles, data monitored by CnEVPost show.

Li Auto delivers 16,620 vehicles in Feb, up 9.77% from Jan

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 delivers 5,455 vehicles in Feb, up 75% from Jan

Zeekr's Ningbo plant was shut down for 21 days around the Chinese New Year holiday and resumed production on February 1.

Beijing to renew trade-in subsidies that encourage NEV purchases

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.