Power's 2023 NEV-IQ Study, which evaluates new energy vehicles' performance, execution and layout, NIO ET7 ranked number one among premium BEVs. Power's 2023 China New Energy Vehicle Initial Quality Study released on June 1, NIO's ES6 won first place in the premium BEV segment for the fourth consecutive year. On April 24, NIO ET5 was rated good, the highest safety level, by China Insurance Automobile Safety Index, or CIASI. NIO's product quality and safety are also recognized by authoritative institutions. As a flagship coupe SUV, EC7 inherits NIO's high-performance DNA and boasts ultimate riding and handling experience. Coming with more than 15 new features and enhancements, the 2023 NIO ET7 continues to lead the change in the premium smart electric large sedan market. In May, we also started the user delivery of the 2023 NIO ET7 and the flagship coupe SUV, EC7. The product quality of the All-New ES6 has been widely acclaimed by the first batch of users. On May 24, we launched the All-New ES6, an all-round, mid-sized, smart electric SUV, and started its delivery the next day. Next, I would like to share with you the recent highlights of our product R&D and operations. 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.
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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. The number of rigs has steadily fallen over the past four weeks, reaching 555 last week.Hello, ladies and gentlemen. The Baker-Hughes oil rig count is expected to come out at 13:00 ET. continues to experience a thick smoke condition from Canadian wildfires. The news came out as the East Coast of the U.S. The National Oceanic and Atmospheric Administration said El Nino has emerged, with conditions expected to cause more extreme weather events. The USDA will release its supply and demand report for the month at 12:00 ET (16:00 GMT), detailing numbers for grains, soybeans and other commodities. Here are three things that could affect markets tomorrow:Ĭhinese electric vehicle maker Nio Inc (NYSE:NIO) is expected to report a $2.63 loss per share on revenue of $11.9 billion. Futures traders are also factoring in another quarter of a percentage point rate hike in July, depending on what the data say between now and then. The decision comes out on Wednesday, accompanied by a press conference by Chair Jerome Powell, who will likely be asked whether the Fed is nearing the end of its tightening phase.Įxpectations for a rate cut later this year are diminishing, though several Wall Street economists also see less of a chance of a recession. Futures markets are betting on the probability of a Fed pause next week.
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