NIO, Xpeng, Li Auto Report Record Deliveries for June as China Bounces Back
Chinese electric vehicle (EV) makers NIO, Xpeng, and Li Auto have all shared delivery numbers for the month of June and the second quarter of this year — reports Yahoo Finance.
NIO delivered a total of 12,961 vehicles in June, almost doubling up on its 7,024 deliveries from May. The company reported deliveries of 25,059 vehicles for the second quarter as a whole, down slightly from 25,768 in Q1.
What’s more, June was a monthly record for NIO. That’s turning into a bit of a pattern for EV makers, given that market leader Tesla said June was its best month yet for production numbers when it announced its Q2 delivery numbers earlier today.
Li Auto, meanwhile, delivered 13,024 EVs in June, up slightly from 11,496 in May. The company delivered a total of 28,687 vehicles between April and June, down from 31,716 deliveries in Q1.
Xpeng reported the highest delivery numbers of the three companies, at 15,295 units for June and 34,422 for the full second quarter. For comparison, the company delivered 10,125 vehicles in May and an essentially consistent 34,561 in Q1.
All three companies topped their own guidance for June 2022 performance despite the second quarter being a tumultuous time for the entire automotive industry. The recent COVID-19 outbreak in China caused factory closures, leading not only to component shortages and production deficits but a drop in automotive demand as well.
However, the June results demonstrate that the Chinese EV market is bouncing back and EV makers with it. Together, NIO, Xpeng, and Li Auto delivered 41,280 EVs in June — a new monthly best for the trio.
Tesla, on the other hand, extended its lead in the global EV market and delivered a whopping 254,695 EVs during Q2.