China's electric vehicle companies NIO and Geely saw their shares rise after setting sales records in May. NIO's deliveries surged to 20,544 units, while Geely's sales performance was strong. Volvo Cars reported a 13% sales increase in May, driven by a 31% rise in Europe and success of its electric model EX30. China's NEV sales surged 36% year-on-year to 790,000 units in May, with a 17% increase from April, according to the China Passenger Car Association. NIO expects its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000.
NIO stock slides after Q1 results despite expected surge in Q2 EV deliveries https://t.co/2kqbMJNWSY by @EVPeteJohnson
🔥Chinese BEV maker NIO reported pre-market open today one of the worst quarters in NIO's history! NIO celebrates in November its 10th anniversary but remains deeply loss-making! I predicted a terrible print. Stock is down 5% at the moment. This is a deep dive on NIO's… https://t.co/EAWIlePNPj
Nio's net loss widened 9.4% to CNY5.2 billion (USD718.1 million) in the first quarter from a year ago, the Chinese EV startup said in an earnings report released today. Revenue fell 7.2% to CNY9.9 billion (USD1.4 billion). @NIOGlobal https://t.co/h1tbHPGoFh
Nio reports a bigger-than-expected loss, highlighting how increased competition is making it more difficult for the EV maker to become profitable https://t.co/EwwE64zJMm
NIO Misses Earnings Estimates and the Stock Falls. Why It’s Not All Bad. https://t.co/PP2Z6jDEcI
NIO’s First-Quarter Loss Widened on Lower EV Sales https://t.co/UU0WWGWIul
🔵 CHINA'S NIO EXPECTS Q2 EV SALES TO MORE THAN DOUBLE Full Story → https://t.co/LEIFPPSsOL Chinese electric vehicle maker Nio said on Thursday that it expected its EV deliveries in the second quarter to more than double from a year ago to between 54,000 and 56,000. https://t.co/NvYZcvYml3
Nio's revenue slips in Q1 as deliveries decline https://t.co/sgfFdqh2Hr $NIO
NIO 1Q revenue 9.91 billion yuan, Est. 10.75 bulb yuan 1Q adjusted loss per share 33 cents 1Q gross margin 4.9%, Est.4.75% Expects 2Q deliveries 54,000-56,000, Est. 41,310. #NIO $NIO
China's #NEV sales surged 36% in May from a year earlier and 17% from April to 790,000 units, the China Passenger Car Association said today. In the first five months, sales jumped 34% year on year to 3.2 million autos. https://t.co/bz2bOl10WR
Volvo Cars' May sales rise 13%, boosted by electric vehicles https://t.co/Y0goJz82zl https://t.co/gdsaWZNJD2
China NEV retail at 790,000 in May, up 17% from Apr, preliminary CPCA data show https://t.co/LubhxiVekP
Just in: Volvo's global sales increased in May +13% year-on-year in and +3% month-on-month. https://t.co/rXnXMfb7JR
Just in: Volvo's global BEV sales remain flat in May month-on-month at 17.1K vehicle sales but up +58% year-on-year. https://t.co/CQtK9xUfa8
UK new car sales grew in May, preliminary industry data shows https://t.co/NlhdylnBcr https://t.co/XfreSlxga1
🔵 VOLVO CARS' MAY SALES RISE 13% Full Story → https://t.co/WB9IUqyZ94 Volvo Cars' sales rose 13% in May from a year earlier to 68,034 cars, driven mainly by a 31% jump in Europe and helped by strong performance for its fully electric model EX30, the group said on Wednesday.
⚠️ VOLVO CAR AB - **IN EUROPE, SALES REACHED 33,252 CARS IN MAY, UP 27 PER CENT COMPARED TO SAME PERIOD LAST YEAR **GLOBAL SALES OF 68,034 CARS IN MAY, UP 13 PER CENT COMPARED TO SAME PERIOD LAST YEAR **SALES IN US SAW A 5 PER CENT DECREASE IN MAY, TOTALLING 10,153 CARS…
China Electric-Vehicle Shares Rally After Strong Sales in May Shanghai-based shares of NIO and Geely rose 4.0% and 3.5%, respectively, after both companies set sales records in May. NIO’s total deliveries rose more than threefold to 20,544 units last month, while Geely-backed…