![]() It's particularly worth mentioning that Banyan 2.0 provides a new feature that is automatic planning of charging and swapping routes. By connecting NIO's products, services and the community in a more seamless way, Banyan 2.0 will deliver a one-of-a-kind digital experience. ![]() This release includes over 120 new features and enhancements. In June, NIO's smart system Banyan will be upgraded to version 2.0. As we proceed with the product platform transition, NIO's complete NT2.0 line up featuring eight different products will form a combined force to better cater to the diverse needs in the premium smart EV market, and provide users with more experiences beyond expectations. The new EC6, our second generation midsize smart coupe SUV, will be launched and delivered in the third quarter. Besides, NIO's flagship SUV, the All-New ES8 will also commence delivery in the. As the world's first smart electric tourer, the ET5 Touring is designed to cover diversified scenarios for both individual and family users, significantly improving our competitiveness in the premium family vehicle market. We plan to launch the NIO ET5 Touring on June 15 and start the delivery in the same month. Power's 2023 NEV-APEAL 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 ES6 won first place in the premium BEV segment for the fourth consecutive year.Īlso in J.D. On April 24, NIO ET5 was rated good, the highest safety level by China Insurance Automobile Safety Index, or C-IASI. NIO's product quality and the safety also recognized by authoritative institutions. As a flagship coupe SUV, EC7 inherent NIO's high-performance DNA and both ultimate riding and handling experience. The 2023 NIO ET7 continues to lead the change in the premium smart electric mid-large sedan market. In May, we also started the user delivery of the 2023 NIO ET7, and the flagship coupe SUV EC7, coming with more than 15 new features and enhancements. 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-around midsize smart electric SUV, and started its delivery the next day. Next, I would like to share with you the recent highlights of our products, 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. Securities and Exchange Commission, the Stock Exchange of Hong Kong Limited, and the Singapore Exchange Securities Trading Limited. Forward-looking statements involve inherent risks and uncertainties, as such, the company's actual results may be materially different from the views expressed today.įurther information regarding risks and uncertainties is included in certain filings of the company with the U.S. Private Securities Litigation Reform Act of 1995. Before we continue, please be kindly reminded that today's discussion will contain forward-looking statements made under the Safe Harbor provisions of the U.S. 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. Please go ahead.Įve Tang: Good morning and good evening, everyone. 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. Operator: Hello, ladies and gentlemen, thank you for standing by, and welcome to the NIO Incorporated First Quarter 2023 Earnings Conference Call. ![]() Reported EPS is $-0.18, expectations were $-0.33. (NYSE: NIO) Q1 2023 Earnings Call Transcript June 9, 2023 ![]()
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