BYD Leads Charge As Most Chinese EV Startups Clock Record December Deliveries: Warren Buffett-Backed Company On Track To Wrest Global EV Crown From Tesla
Portfolio Pulse from Shanthi Rexaline
Chinese EV makers NIO, XPeng, Li Auto, and BYD reported strong December deliveries, with BYD on track to challenge Tesla's global EV dominance. XPeng and Li Auto achieved record monthly and quarterly deliveries, while BYD reported record quarterly BEV deliveries. Despite economic challenges, these companies ended the year positively, with new model launches and partnerships, such as XPeng's deal with Volkswagen. Tesla is expected to report lower Q4 deliveries compared to BYD, but may still lead in annual totals.
January 01, 2024 | 2:04 pm
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POSITIVE IMPACT
BYD reported record quarterly BEV deliveries and is on track to challenge Tesla for the global EV crown, despite trailing in annual totals.
BYD's record deliveries and potential to overtake Tesla as the global EV leader could significantly boost investor sentiment and stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Li Auto achieved record monthly and quarterly deliveries, surpassing the 300,000 annual delivery milestone for the first time.
Record-breaking delivery figures indicate strong performance, which could positively influence Li Auto's stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NIO reported a 13.89% year-over-year increase in December deliveries and unveiled its ET9 electric flagship, with deliveries expected in Q1 2025.
Positive delivery numbers and the unveiling of a new flagship model are likely to instill investor confidence and drive short-term stock performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
XPeng's partnership with Volkswagen AG could bolster its competitive position and potentially impact its stock positively.
Partnerships with established automakers like Volkswagen can provide technological and market advantages, potentially benefiting XPeng's stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
XPeng reported record monthly and quarterly deliveries and launched its X9 multi-purpose EV, which received over 30,000 preorders.
Record delivery numbers and a successful new vehicle launch with significant preorders suggest a positive short-term outlook for XPeng's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Tesla is expected to report lower Q4 deliveries than BYD, which may impact its stock price, but it is still likely to lead in annual totals.
Anticipation of lower Q4 deliveries compared to BYD could negatively affect Tesla's stock price in the short term, despite maintaining an annual lead.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90