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NIO XPEV LI report robust deliveries for June as Covid wanes

Nio’s ES7 sports activities utility automobile provides one other competitor to Tesla’s Mannequin X and Mannequin Y in China.


Chinese language electrical automobile maker Nio delivered practically 13,000 autos in June, up 60% from a yr in the past as China’s auto trade continued to rebound after months of pandemic-related disruptions.

Its whole deliveries of 12,961 was Nio’s greatest month-to-month end result because it started gross sales to the general public in June 2018. Nevertheless it wasn’t sufficient to outpace the corporate’s two key rivals. XPeng Motors delivered 15,295 autos to clients in June, up 133% from a yr in the past. Li Auto delivered 13,024 of its SUVs final month, up 69% from a yr in the past.

All three automakers have had intermittent manufacturing disruptions because the onset of the Covid-19 pandemic. However Nio, based mostly in Shanghai with factories in Hefei, was hit hardest by the latest outbreaks. June was its first month with greater than 10,000 deliveries since December of final yr.

Nio did not share particulars of its manufacturing restoration efforts on Friday. Nevertheless it stated it can start deliveries of its upcoming new ES7 SUV and revised variations of ES8, ES6, and EC6 SUVs in August.

XPeng, based mostly in southern China close to town of Guangzhou, stated it was in a position to resume two-shift manufacturing in mid-Could at its manufacturing unit in Zhaoqing. The corporate on Friday confirmed plans to launch a brand new flagship SUV, the G9, in September. It stated pre-orders for the G9 will open in August.

Li Auto, based mostly in Changzhou, unveiled its personal new flagship, a big SUV referred to as the L9, in June. The corporate, which earlier this week introduced plans to raise $2 billion via an at-the-market stock offering, stated on Friday that it expects to start delivering the L9 by the top of August.

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