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BMW is holding a two-day capital markets event to brief investors on its strategy, the first under new CEO Milan Nedeljkovic. Key targets include an 8% to 10% automotive profit margin by the start of the next fiscal year.
NIO said second-quarter revenue rose 69.1% year over year to 32.1 billion yuan, while deliveries increased 49.4% to 107,658 smart EVs. Gross margin was 18.4% and cash reserves reached 56.7 billion yuan.