XPEV - 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 | Benzinga
U.S.-listed Chinese electric vehicle makers reported Monday with strong deliveries numbers for the month of December despite the intensifying competitive threat in the domestic market.
What Happened: Nio, Inc. (NYSE:NIO), XPeng, Inc. (NYSE:XPEV), Li Auto, Inc. (NASDAQ:LI) and BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF) reported strong month-over-month and year-over-year deliveries growth.
The sales performance of the quartet are as follows:
December Sales
(in units)M-o-M Change Y-o-Y Change Q4 Sales
(in units)Q-o-Q Change Y-o-Y Change Annual deliveries
(units)
Nio 18,012 12.86% 13.89% 50,045 (-9..72%) 24.95% 160,038
XPeng 20,115 0.37% 78.14% 60,158 50.37% 170.93% 141,601
Li Auto 50,353 22.72% 137.15% 131,895 25.40% 184.56% 376,030
BYD 190,754 12.11% 70.41% 526,409 21.97% 60.00% 1.58 million
Source: Company press releases.
XPeng’s monthly and quarterly deliveries were at a record, the Guangzhou-based company said in a statement. The company touted its XNGP Advanced Driver Assistance System, which was made available to customers in 27 cities through an over-the-air update on Dec. 28.
Beijing-based Li Auto also clocked record monthly and quarterly deliveries. "We successfully reached our monthly delivery target of 50,000 vehicles in December and achieved full-year vehicle deliveries of 376,030 in 2023,” CEO Xiang Li said.
“This is the first time in history for a Chinese emerging new energy automaker to surpass the annual delivery milestone of 300,000 ...