Nio, XPeng And Li Auto Lifted The EV Market's Spirits With Their June Deliveries
Portfolio Pulse from Upwallstreet
Nio, XPeng, and Li Auto reported strong EV delivery figures for June, boosting the EV market. Nio achieved record deliveries for the second consecutive month, XPeng maintained its growth streak, and Li Auto showed significant YoY growth. Tesla shares also rose ahead of its Q2 delivery report.
July 02, 2024 | 1:12 pm
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Li Auto delivered 47,774 vehicles in June, showing a 46.7% YoY growth and a 36.4% MoM increase, indicating a strong rebound.
Li Auto's significant YoY and MoM growth in deliveries suggests a strong recovery and operational efficiency, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Nio reported record deliveries for the second consecutive month, with 21,209 vehicles in June and 57,373 for Q2, marking a 144% YoY increase.
Nio's record deliveries for June and Q2 indicate strong demand and operational efficiency, likely boosting investor confidence and driving the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Tesla shares rose ahead of its Q2 delivery report, buoyed by strong delivery figures from Chinese EV makers.
Tesla's stock price increased in anticipation of its Q2 delivery report, influenced by positive delivery figures from Chinese EV makers, suggesting a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
XPeng delivered 10,688 vehicles in June, a 24% YoY rise, and announced a major upgrade to its AI-powered car operating system.
XPeng's consistent delivery growth and upcoming AI system upgrade are positive indicators for future performance, likely leading to a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100