![]() As we ramp up the production of the All-New ES6 and other new models, we are confident in continuously driving up our delivery volume. We expect the total deliveries in the second quarter of this year to be between 23,000 and 25,000 units. In April and May, NIO delivered 6,658 and 6,155 vehicles, respectively. In the first quarter of 2023, NIO delivered a total of 31,041 smart electric vehicles, up 20.5% year over year. Thank you for joining NIO's 2023 First Quarter Earnings Call. With that, I will now turn the call over to our CEO, Mr. Please refer to NIO's press release, which contains a reconciliation of the unaudited non-GAAP measures to comparable GAAP measures. Please also note that NIO's earnings press release and this conference call include discussions of unaudited GAAP financial information as well as unaudited non-GAAP financial measures. The Company does not assume any obligation to update any forward-looking statements, except as required under applicable law. Further information regarding risks and uncertainties is included in certain filings of the Company with the US Securities and Exchange Commission, the Stock Exchange of Hong Kong Limited and the Singapore Exchange Securities Trading Limited. As such, the Company's actual results may be materially different from the views expressed today. Forward-looking statements involve inherent risks and uncertainties. Jade Wei, VP of Capital Markets.īefore we continue, please be kindly reminded that today's discussion will contain forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. William Li, Founder, Chairman of the Board and Chief Executive Officer Mr. The Company's financial and operating results were published in the press release earlier today and are posted at the Company's IR website. Welcome to NIO's First Quarter 2023 Earnings Conference Call. ![]() I would now like to hand the conference over to your host, Ms. Today's conference call is being recorded. At this time, all participants are in a listen-only mode. Thank you for standing by, and welcome to the NIO Incorporated First Quarter 2023 Earnings Conference Call. You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Hello, ladies and gentlemen. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on NIO’s board and the CEO’s background. Valuation: What is NIO worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether NIO is currently mispriced by the market. How fast will the company have to grow each year in order to reach the breakeven point by 2025? Working backwards from analyst estimates, it turns out that they expect the company to grow 67% year-on-year, on average, which is rather optimistic! If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. ![]() The company is therefore projected to breakeven around 2 years from now. They anticipate the company to incur a final loss in 2024, before generating positive profits of CN¥572m in 2025. NIO is bordering on breakeven, according to the 26 American Auto analysts. The most pressing concern for investors is NIO's path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. The US$13b market-cap company announced a latest loss of CN¥15b on 31 December 2022 for its most recent financial year result. designs, develops, manufactures, and sells smart electric vehicles in China. ( NYSE:NIO) is possibly approaching a major achievement in its business, so we would like to shine some light on the company.
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