The Zhitong Finance App learned that on Thursday, securities in NEVs generally rose before the market. NIO (NIO.US) and Xiaopeng Motors (XPEV.US) rose more than 3%, and Ideal Auto (LI.US) rose more than 1%. According to financial reports, NIO's gross vehicle margin reached 14.7% in the third quarter, and is expected to increase further to around 18% in the fourth quarter. Qu Yu, CFO of NIO, revealed that in the third quarter, the gross margin of ES6 and EC6 reached or exceeded 25%; the gross margin of ET5, ET5T, and Ledao L90 was between 15% and 20%; and the gross margin of the third-generation ES8 also reached 20%.

The Zhitong Finance App learned that on Thursday, securities in NEVs generally rose before the market. NIO (NIO.US) and Xiaopeng Motors (XPEV.US) rose more than 3%, and Ideal Auto (LI.US) rose more than 1%. According to financial reports, NIO's gross vehicle margin reached 14.7% in the third quarter, and is expected to increase further to around 18% in the fourth quarter. Qu Yu, CFO of NIO, revealed that in the third quarter, the gross margin of ES6 and EC6 reached or exceeded 25%; the gross margin of ET5, ET5T, and Ledao L90 was between 15% and 20%; and the gross margin of the third-generation ES8 also reached 20%.