NIO Inc Q2 2023 Earnings Call Transcript - Thomson StreetEvents

NIO Inc Q2 2023 Earnings Call Transcript

NIO Inc Q2 2023 Earnings Call Transcript - Thomson StreetEvents
NIO Inc Q2 2023 Earnings Call Transcript
Published Aug 29, 2023
13 pages (8510 words) — Published Aug 29, 2023
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Abstract:

Edited Transcript of NIO.N earnings conference call or presentation 29-Aug-23 12:00pm GMT

  
Brief Excerpt:

...[Interpreted] Hello, everyone. Thank you for joining NIO's 2023 Q2 earnings call. In the second quarter of 2023, NIO delivered a total of 23,520 smart electric vehicles. In July 2023, as we started mass production and the ramp-up of more new models, NIO's monthly delivery volume grew rapidly to 20,462 units, representing a year-over-year growth of 104% and a new monthly high. According to the retail statistics of CATARC, in July, NIO was the best-selling brand in the premium electric vehicle segment with a transaction price of over RMB 300,000, claiming a 59% market share. As NIO completes its product lineup, further expand the sales and service network and the power network, enhances its all-round sales capability, and rolls out sales and marketing plans, the competitiveness of the NT 2.0 products has been further unleashed. The delivery volume in the third quarter of 2023 is expected to be between 50,000 -- 55,000 and 57,000 units. And now I would like to share with you the recent highlights...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Nio Inc
Ticker
NIO.N
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Jing Chang - China International Capital Corporation Limited, Research Division - Analyst : I have 2 follow-up questions. The first is about our other sales revenue and profit margin. As we can see that after our policy adjustment, what is our expectation for the future revenue and also profit margin for other sales? After our battery swap started to gain profit. And in particular, do we have any internal calculation of the profitability of the battery swapping business? So what is the upward trend of our gross profit margin for other sales in the following few quarters? And when will it turn positive? This is my first question. And my second is about the technology improvement. We have always been focused more on R&D investment and also technology accumulation. So looking forward regarding to our next generation platform, NT 3.0. So what improvement can we expect? What are the major areas of our effort to predict? So can you just share a few insights of information about that? This is my 2 questions. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 29, 2023 / 12:00PM, NIO.N - Q2 2023 NIO Inc Earnings Call

Table Of Contents

NIO Inc Q4 2024 Earnings Call Transcript – 2025-03-21 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 21-Mar-25 12:00pm GMT

NIO Inc Q3 2024 Earnings Call Transcript – 2024-11-20 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 20-Nov-24 12:00pm GMT

NIO Inc Q2 2024 Earnings Call Transcript – 2024-09-05 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 5-Sep-24 12:00pm GMT

NIO Inc Q1 2024 Earnings Call Transcript – 2024-06-06 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 6-Jun-24 12:00pm GMT

NIO Inc Q1 2023 Earnings Call Transcript – 2023-06-09 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 9-Jun-23 12:00pm GMT

NIO Inc Q4 2022 Earnings Call Transcript – 2023-03-01 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 1-Mar-23 12:00pm GMT

NIO Inc Q3 2022 Earnings Call Transcript – 2022-11-10 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 10-Nov-22 12:00pm GMT

NIO Inc Delivery Update Transcript – 2022-10-07 – US$ 54.00 – Edited Transcript of NIO.N conference call or presentation 7-Oct-22 4:00pm GMT

NIO Inc Q2 2022 Earnings Call Transcript – 2022-09-07 – US$ 54.00 – Edited Transcript of NIO.N earnings conference call or presentation 7-Sep-22 12:00pm GMT

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Thomson StreetEvents. "NIO Inc Q2 2023 Earnings Call Transcript" Aug 29, 2023. Alacra Store. May 03, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-NIO-Inc-Earnings-Call-T15705183>
  
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Thomson StreetEvents. (2023). NIO Inc Q2 2023 Earnings Call Transcript Aug 29, 2023. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-NIO-Inc-Earnings-Call-T15705183>
  
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