Nio Vs Xpeng Vs Li Auto: How Chinese EV Startups Fared On Q2 Deliveries
Portfolio Pulse from Anan Ashraf
Chinese EV maker Nio Inc reported 10,707 vehicle deliveries in June, a 17.4% slump year-on-year but a 74% jump from May. For Q2, Nio delivered 23,520 vehicles. Li Auto reported 32,575 deliveries while XPeng recorded 8,620. Cumulatively, for Q2, Li Auto led in sales among the three startups, followed by Nio. China extended the purchase tax exemption for new energy vehicles for four more years.
July 03, 2023 | 5:28 am
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NEGATIVE IMPACT
XPeng recorded 8,620 deliveries in June.
XPeng's lower delivery numbers compared to Nio and Li Auto could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nio reported a 17.4% slump in June deliveries year-on-year but a 74% jump from May. For Q2, Nio delivered 23,520 vehicles.
Nio's YoY slump in June deliveries could negatively impact the stock, but the MoM jump and the total Q2 deliveries could balance it out, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Li Auto reported 32,575 deliveries in June and led in sales among the three startups for Q2.
Li Auto's leading position in Q2 sales among the three startups could positively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100