XPEV - Nio Leads Strong May Deliveries By Chinese EV Makers — Do These Numbers Have Implications for Tesla? | Benzinga
Chinese electric vehicle startups defied inclement industry conditions and posted strong deliveries in May.
What Happened: Premium EV maker Nio, Inc. (NYSE:NIO) reported selling an impressive 20,544 EVs in May. This includes 12,164 premium smart electric SUVs and 8,380 premium smart electric sedans. The May number marked a record total for the Shanghai-based company.
Guangzhou, China-based XPeng, Inc. (NYSE:XPEV) said it sold 10,146 EVs, with X9 sales coming in at 1,625 units. The X9 is an ultra-smart large 7-seater that began shipping in January. XPeng stated that it has maintained its top-selling position in both the all-electric MPV and three-row model segments in China since their launch.
Li Auto, Inc. (NASDAQ:LI) delivered 35,020 vehicles in May 2024, including 15,000 Li L6s. Deliveries of the L6 began on April 24, and the strong sales set ...