Let's see Q1 earnings.
"Stronger execution with improved operational efficiency played a key role. Together with our continuous innovation across the full value chain, from R&D, supply chain, and manufacturing, to lifecycle quality, charging and swapping, and full-lifecycle user services, these efforts strengthened our competitiveness in technology, product, and business model."
Several China EV sales stats published today !
NIO in top 10 EV Makers in April , top 8 year to date
ES 8 top selling large SUV, 5 months in a row
But many probably missed the real stats which is more significant;
for TOP SELLERS such as BYD , Geely, TSLA , sales are down YoY… Xpeng also down YoY for the first 4 months
other luxury brand EV’s such as LI auto , Huawei’s HIMA alliance , XIOMI are almost stagnant
the top sellers are not BEV only ; they sell hybrids as well. China’s EV sales hit 61 % of all cars sales in April and the largest increase in sales are in pure battery EV’s..
NIO sales increase is mostly in the expensive high margin NIO main brand
Bottom line ; pure BEV is the future and in luxury segment NIO rules and soon to be the top seller