EarningsNon-GAAP earnings were RMB1.5bn in 2Q24, up 18% QoQ, beating analyst estimate of RMB697mn, on lower operational expenses.
Future OutlookManagement expects Q3 vehicle gross margin to rebound to 19%+ and free cash flow to turn positive.
Sales Volume And MarginsSales volume came in at 108.6k units, up 25.5% YoY and 35.1% QoQ.