NIO Inc. (NYSE:NIO) Q3 2024 Earnings Conference Call November 20, 2024 7:00 AM ET
Company Participants
Rui Chen - Head of IR
William Li - Founder, Chairman & CEO
Stanley Qu - CFO
Conference Call Participants
Tim Hsiao - Morgan Stanley
Nick Lai - JPMorgan
Ming Hsun Lee - Bank of America
Bin Wang - Deutsche Bank
Yuqian Ding - HSBC
Xue Deng - CICC
Paul Gong - UBS
Tina Hou - Goldman Sachs
Operator
Hello ladies and gentlemen, Thank you for standing by for NIO Incorporated’s Third Quarter 2024 Earnings Conference Call. At this time all participants are in listen-only mode. Today's conference call is being recorded.
I will now turn the call over to your host, Mr. Rui Chen, Head of Investor Relations of the Company. Please go ahead, Rui.
Rui Chen
Good morning and good evening, everyone. Welcome to NIO's Third Quarter 2024 Earnings Conference Call. The company's financial and operating results were published in the press release earlier today and are posted on the company's IR website.
On today's call, we have Mr. William Li, Founder, Chairman of the Board, and CEO, Mr. Stanley Qu, CFO. 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. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the views expressed today.
Further information regarding risks and uncertainties is included in certain filings of the company with the U.S. Securities Exchange Commission, the Stock Exchange of Hong Kong Limited, and the Singapore Exchange Securities Trading Limited. The company does not assume any obligation to update any forward-looking statements except as required under applicable law. 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. Please refer to NIO's press release which contains a reconciliation of the unaudited non-GAAP measures to comparable GAAP measures.
With that, I will now turn the call over to our CEO, Mr. William Li. William, please go ahead.
William Li
Hello everyone. Thank you for joining NIO's 2024 Q3 earnings call. In Q3, the company achieved a new quarterly record with 61,855 deliveries. The new brand maintained its position as the top selling brand in China's BEV segment, priced above RMB300,000 with its market share reaching 48%.