Seres flags H1 loss on rising material costs, asset writedowns — Explained
Seres expects a net loss of 1.5 billion yuan ($220 million) to 1.8 billion yuan for the first half of 2026, compared with a profit of 2.94 billion yuan a year earlier.
Seres expects a net loss of 1.5 billion yuan ($220 million) to 1.8 billion yuan for the first half of 2026, compared with a profit of 2.94 billion yuan a year earlier.
GWM expects first-half net profit attributable to shareholders to fall 58.97% to 62.92% from a year earlier, even as sales volume and revenue increased.
CATL’s net profit attributable to shareholders in the first half was 43.28 billion yuan ($6.37 billion), with a gross margin of 23.93%.
Xpeng delivered 103,295 vehicles in the second quarter, within its earlier guidance range of 100,000 to 106,000 units.
Li Auto delivered 98,330 vehicles in the second quarter, down 11.47 percent year-on-year, returning to a contraction.
Geely Auto’s first-half revenue rose 15% year-on-year to a record 173.6 billion yuan ($25.58 billion), while core profit increased 46%.
Xiaomi’s new initiatives, which include EV and AI, posted a loss from operations of 2.6 billion yuan ($383 million) in the second quarter.
The average daily price of battery-grade lithium carbonate jumped 132.2% in H1, while chips saw structural shortages and sharp price increases.
Nio delivered 107,658 vehicles in the second quarter, up 49.4% year-on-year but below its guidance range.
Overseas revenue accounted for 69% of Chery Auto’s H1 revenue, but lower foreign-exchange gains weighed on its financial performance.