NIO Q2 Guidance: 72-75K Deliveries, Targets 25K Monthly by Q4 with 20%+ Margins
Earnings Call
03 Jun
NIO reported Q2 delivery guidance of 72,000-75,000 units, with June deliveries expected around 25,000-28,000 units. The company recently launched upgraded ES6, EC6, ET5 and ET5 Touring models. While official prices remain unchanged, actual prices have increased by over 10% due to previous inventory clearance promotions. NIO aims to maintain price stability while improving gross margins by over 10%. The company targets reaching 25,000 monthly deliveries for the NIO brand by Q4, a 20% increase from last year's stable 20,000 units, with gross margins expected to exceed 20%.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.
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