Chinese EV Giants Report May Deliveries: Li Auto, Nio, XPeng Numbers Compared
Portfolio Pulse from Anan Ashraf
Chinese EV startups Li Auto, Nio, and XPeng reported their May delivery figures. Li Auto saw a 146% YoY increase to 28,277 vehicles, while Nio experienced a 12.4% YoY decline with 6,155 vehicles delivered. XPeng delivered 7,506 EVs, a 25.9% decrease compared to May 2022.
June 01, 2023 | 11:22 am
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NEGATIVE IMPACT
Nio reported a 12.4% YoY decline in May deliveries, with 6,155 vehicles delivered.
Nio's second consecutive month of declining delivery numbers may negatively impact investor sentiment and its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
XPeng reported a 25.9% YoY decrease in May deliveries, with 7,506 EVs delivered.
XPeng's significant YoY decrease in May deliveries may negatively impact its stock price in the short term, as it indicates weaker demand for its vehicles.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Li Auto reported a 146% YoY increase in May deliveries, reaching 28,277 vehicles.
Li Auto's record-breaking delivery numbers indicate strong demand for its vehicles, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100