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. 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. While shares of LI have risen 7.8%, shares of NIO and XPEV have lost 58.8% and 67.8%, respectively, over the past year.Hello, ladies and gentlemen. Li’s monthly sales saw a rise of 10.1% from 25,681 vehicles in April. Its servicing centers totaled 319 and Li Auto-authorized body and paint shops operated in 222 cities. LI’s cumulative deliveries totaled 363,876 as of month-end.Īs of May 31, 2023, Li’s retail stores totaled 314 in 124 cities. Also, May was the second consecutive month in which Li L7s deliveries exceeded 10,000. This marked the third straight month with deliveries of more than 20,000 units. Li Auto delivered 28,277 vehicles in May 2023, up 146% year over year. XPeng saw a rise in month-on-month sales of 6% from 7,079 cars in April. The company delivered 32,815 smart EVs for the first five months of the year, representing a 39% decline year over year. XPeng reported 7,506 monthly deliveries of Smart EVs in May, representing a 25.9% decline year over year. NIO’s monthly deliveries fell 7.6% from April’s figure of 6,658 vehicles. ![]() Year to date, NIO has delivered 43,854 vehicles, up 15.8% year over year. ![]() It started deliveries of the same on May 24. On May 19, NIO began deliveries of the 2023 ET7 and launched the All-New ES6. Cumulative deliveries of NIO vehicles reached 333,410 as of May 31, 2023. The deliveries included 2,396 premium smart electric SUVs and 3,759 premium smart electric sedans. NIO delivered 6,155 vehicles in May, down 12.4% year over year. XPEV and Li Auto LI, recently announced their respective delivery updates for May 2023. The three China-based smart electric vehicle (EV) companies, NIO Inc.
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