The company logged sales of 372,615 new-energy passenger vehicles and 7,474 commercial vehicles during the month, including the 79,086 vehicles sold outside China.

The company reported first-quarter revenue of $108 million, down from $167 million in the corresponding period of 2024, and below an analyst estimate of $115.32 million, as per FinChat data.

The growth in sales was driven by a 17.5% increase in sales of internal combustion engine-powered vehicles and a 29.6% jump in hybrid vehicle sales.

The company now expects net income attributable to shareholders for the full year to be $8.2 billion to $10.1 billion, down from its previous estimate of $11.2 billion to $12.5 billion.

The company now expects full-year adjusted EPS in the range of $6.00 to $6.20, up from its previous guidance of $5.75 to $6.00.

The company reported a net income of $879 million, or $1.28 per share, for the reported quarter, compared to $800 million, or $1.10 per share, a year earlier.

The railroad operator cut its adjusted earnings per share growth expectations for 2025 to between 10% and 14% from between 12% and 18%, projected earlier.

CFO Amy Hood said on the call that fourth-quarter capital expenditure will rise sequentially from the $21.4 billion spent in the previous three-month period.

The company reported a net income of $336 million, or $0.37 per share, for the first quarter, compared to $157 million, or $0.18 per share

Sales decline in the Americas was offset by growth in Europe and Asia.