EV maker Nio said on Wednesday it is publishing its first quarter earnings results on early June 3.
The conference call with the founder and chief executive William Li and the chief financial officer Yu Qu is scheduled to begin at 8 am Eastern Time.
The company started this week delivering in China its refreshed ES6 and EC6 SUVs. Deliveries of the revamped versions of the ET5 Series, which include the ET5 sedan and the station wagon ET5 Touring, will take place across China on May 25.
The company led by William Li aims to double vehicle deliveries this year to 440,000 units, including sales from its sub-brands Onvo and Firefly.
As of April 30, the Shanghai-based group had delivered 65,994 units year to date, completing about 15% of its target.
The management is expected to provide an update on the sales target during the upcoming quarterly earnings call.
Nio counts on its sub-brands Onvo and Firefly to help the group reaching the annual target.
In 2024, Nio sales jumped 38.7% year over year to 221,970 vehicles, with a vast majority of them being Nio brand vehicles.
The sub-brand Onvo started deliveries in China last September, while Firefly began sales in China on April 29. Both brands are planning to enter international markets later this year.
As reported last week, Citigroup became the fourth-largest institutional shareholder in Nio after increasing its stake in the electric vehicle maker by over 400% during the first quarter of 2025.
