Nio Inc (NYSE: NIO) released its second-quarter financial results today and subsequently held an analyst conference call.
Here are the key takeaways from the call, with the most recent placed at the top.
Nio Inc aims to deliver 150,000 vehicles in the fourth quarter, averaging 50,000 deliveries per month.
Nio aims to achieve a production capacity of 15,000 units for the L90 in October. The ES8 is targeted to reach a production capacity of 15,000 units in December.
Starting from the third quarter, Nio's sales growth will be driven by the implementation of its multi-brand strategy.
The strong sales of the Onvo L90 have boosted the momentum of the Onvo brand. In August, order intake for the Onvo L60 reached a new high for this year.
As of now, Nio has opened 176 Nio Houses and 416 Nio Spaces. Onvo's store count has reached 414.
In terms of service networks, Nio has established 388 service centers and 68 delivery centers.
Nio achieved significant cost optimization, with its operating loss narrowing by over 30 percent quarter-on-quarter in the second quarter.
