CnEVPost Newsletter: NIO reports Q3 earnings, addresses investor concerns in conference call
NIO reports higher-than-expected Q3 revenue of $1.52 billion - CnEVPost — cnevpost.com NIO posted third-quarter revenue that beat expectations, but net loss attributable to ordinary shareholders widened, triggering a sharp jolt in its stock price in after-hours trading.
NIO's Q3 earnings call: Here's everything you need to know - CnEVPost NIO plans to have the ET7 available in showrooms around Chinese New Year, which arrives on February 1. It is targeting a 25 percent gross margin on the NT2-based models.
Deutsche Bank on NIO's Q3 results: Somewhat messy, but focus will soon shift to delivery recovery - CnEVPost NIO announced its third-quarter earnings today, and Deutsche Bank analyst Edison Yu's team offered their first look.
Analyst expects higher R&D expenses to keep NIO's loss widening - CnEVPost NIO's loss may continue to widen in the fourth quarter as investment in research and development of new models and new technologies accelerates.
NIO adds 1 swap station, bringing total to 609 - CnEVPost As of November 10, NIO had 609 battery swap stations and 462 supercharging stations providing 2,694 charging piles.
Evergrande Auto aims to raise $64.2 million through share placement - CnEVPost Evergrande Auto plans to conduct a share placement at HK$2.86 per share, a discount of 19.89 percent to Tuesday's closing price.
Tesla Model Y Standard Range delivery time in China extended from 6-10 weeks to 10-14 weeks - CnEVPost This may dampen some enthusiasm for it, as there is a risk that current orders will not be delivered before the Chinese New Year holiday.
WM Motor reveals interior images of its flagship M7 sedan - CnEVPost The M7's cabin features i-Surf technology skin and i-Rota super dials, offering a host of smart applications to make the ride more tech-savvy.
EV battery maker Gotion High-Tech achieves mass production of cells with ultra-high energy density - CnEVPost Gotion High-Tech's ternary cells with high nickel content have an energy density of 302 Wh/kg, meaning we may see more models with NEDC ranges of around 1,000 km.
Chinese EV startup Neta makes Thailand first stop for overseas expansion - CnEVPost Unlike NIO and XPeng Motors, which chose Norway first, some other Chinese companies offering more affordable EVs will consider Thailand first.
LFP battery installations in China surpass ternary batteries for fourth month in a row - CnEVPost That lead narrowed in October, as LFP battery installations fell 11.6 percent from September, while ternary battery installations rose 13.5 percent from September.
China's NEV sales reached record 383,000 units in Oct, CAAM data show - CnEVPost In the fourth quarter, Chinese automotive consumer demand remained stable, but uncertainty remained on the supply side, the CAAM said.