NIO XPEV LI Announces Strong June Deliveries as Covid Eases

Nio’s ES7 sport utility vehicle adds another competitor to Tesla’s Model X and Y in China.

Nio

Chinese electric vehicle maker Nio on Friday said it delivered nearly 13,000 vehicles in June, up 60% from a year ago, as China’s auto industry continued to rebound from months of related disruptions. to the pandemic.

Its total shipments of 12,961 was Nio’s best monthly result since public sales began in June 2018. But that wasn’t enough to edge out the company’s two main rivals. XPeng Motors on Friday said it delivered 15,295 vehicles to customers in June, up 133 percent from a year ago. Also on Friday, Li Auto said it delivered 13,024 of its SUVs last month, up 69% from a year ago.

All three automakers have experienced intermittent production outages since the start of the Covid pandemic. But Nio, based in Shanghai with factories in Hefei, has been hit hardest by the latest outbreaks. June was its first month with over 10,000 deliveries since December.

Nio did not share details of its efforts to resume production on Friday. But it said it would begin deliveries of its next new ES7 SUV and revised versions of the ES8, ES6 and EC6 SUVs in August.

XPeng, based in southern China near the city of Guangzhou, said it was able to resume production in two shifts in mid-May at its factory in Zhaoqing. The company on Friday confirmed plans to launch a new flagship SUV, the G9, in September. He said pre-orders for the G9 will open in August.

Changzhou-based Li Auto unveiled its own new flagship, a large SUV called L9, in June. The company, which earlier this week announced plans to raise $2 billion via a stock market offering, said Friday it expects to begin shipping the L9 by the end of August.

Comments are closed.