NIO Reports Success in Q1 Sales and Revenue, Surpasses Precential's Growth Rate

Zero Runway Announces Price Range for B10 Model

Beijing, March 10 -- Chinese electric vehicle manufacturer Zero Runway announced the start of pre-orders for its new model, B10, on March 10, with a total of 15,010 units sold within the first hour.

The B10 is built based on NIO's Leap 3.5 architecture B platform and will be driven by Qualcomm's fourth-generation Snapdragon SoC platform and the intelligent driving platform, Z2AP2. The vehicle is categorized as a compact SUV and is expected to be available for sale starting April.

Zero Runway Reports Higher Revenue and Better Profit Margin in Q4

In a press release earlier tonight, Zero Runway said it has announced 2024 year-end results. In the whole of 2024, they have sold nearly 294,724 vehicles, while their revenue reached CNY321.6 billion, increasing by almost double compared to the same period of last year.

The company claims this improvement to be primarily caused by growth in sales quantity and efficiency gain from product sales improvements as well as a more optimized product sale structure thanks to on-going cost management operations.

Zero Runway managed to achieve higher profit margins than it did during the previous time frame, showing an improvement of 78 percent compared to the same period last year.

The latest announcement comes after NIO's Q4 reporting and marks their first quarter in which they report positive net income amounting CNY800 million -- beating their previous single-quarter goal by about one year.