Nio delivered 30,053 vehicles in the first quarter, hitting its lowered guidance of about 30,000.

Nio (NYSE: NIO) will report unaudited financial results for the first quarter on Thursday, June 6, before the US stock market opens, the company announced today.

Nio management will host an earnings call on June 6 at 8:00 am US Eastern Time (8:00 pm Beijing Time).

Previously released figures show that Nio delivered 30,053 vehicles in the first quarter, hitting its downwardly revised guidance of about 30,000 vehicles.

Deliveries for the quarter were down 3.18 percent year-on-year and down 39.95 percent from the fourth quarter of 2023.

Nio initially guided first-quarter vehicle deliveries to be in the range of 31,000 to 33,000 vehicles when it announced its fourth-quarter 2023 results on March 5.

It then guided first-quarter revenue to be between RMB 10.499 billion ($1.479 billion) and RMB 11.087 billion.

On March 27, Nio lowered its first-quarter delivery guidance to about 30,000 vehicles, following the move of its local peer Li Auto (NASDAQ: LI) a week earlier.

China EV insurance registrations for week ending May 19: Nio 4,400, Tesla 13,900, BYD 53,600, Xiaomi 2,000