Record EV Deliveries Show Even Startups Have A Shot In The EV Race
Portfolio Pulse from Upwallstreet
Several electric vehicle (EV) manufacturers, including Tesla, BYD, XPeng, Rivian, Li Auto, and Nio, reported record deliveries in Q2. Tesla and BYD achieved record deliveries of their made-in-China EVs. Rivian tripled its EV production and deliveries in Q2, achieving a new all-time high. Li Auto and Nio also reported strong delivery numbers. Despite a challenging macroeconomic environment in China and intense competition, XPeng saw a 27% quarter-on-quarter improvement in deliveries.
July 05, 2023 | 1:29 pm
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POSITIVE IMPACT
BYD achieved record deliveries in Q2, which could positively impact its stock price.
Record deliveries indicate strong demand for BYD's EVs, which could lead to increased revenues and a potential rise in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Li Auto reported strong delivery numbers in Q2, which could positively impact its stock price.
Strong delivery numbers indicate robust demand for Li Auto's EVs, which could lead to increased revenues and a potential rise in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Nio reported strong delivery numbers in Q2, which could positively impact its stock price.
Strong delivery numbers indicate robust demand for Nio's EVs, which could lead to increased revenues and a potential rise in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Rivian tripled its EV production and deliveries in Q2, achieving a new all-time high, which could positively impact its stock price.
The tripling of production and deliveries indicates strong demand for Rivian's EVs, which could lead to increased revenues and a potential rise in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Tesla achieved record deliveries in Q2, which could positively impact its stock price.
Record deliveries indicate strong demand for Tesla's EVs, which could lead to increased revenues and a potential rise in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
XPeng saw a 27% quarter-on-quarter improvement in deliveries, which could positively impact its stock price.
The quarter-on-quarter improvement in deliveries indicates a recovery in demand for XPeng's EVs, which could lead to increased revenues and a potential rise in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Amazon is indirectly mentioned in the article as Rivian, which produces EV vans for Amazon, reported record deliveries in Q2.
While Amazon is not directly involved in the EV manufacturing, it benefits from the success of Rivian, which produces EV vans for Amazon. However, the impact on Amazon's stock price is likely to be minimal.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50