XPEV - Tesla's China-made EV sales rose 2.44% M/M in May - CPCA

2023-06-05 07:44:20 ET

Elon Musk's Tesla ( NASDAQ: TSLA ) sold 77,695 China-made vehicles in May according to data released by the China Passenger Car Association (CPCA) on Monday.

The automaker saw sales growth of 141.55% Y/Y from 32,155 units in May 2022 and +2.44% M/M from 75,842 vehicles in April.

On YTD basis, Tesla sold 382,859 China-made vehicles, up ~77.4% from 215,851 units year ago.

In comparison, XPeng ( XPEV ) reported 7,506 units deliveries for May (+6% M/M), Li Auto ( LI ) delivered 28,277 units in May (+10% M/M), Nio ( NIO ) came in with deliveries of 6,155 units (-8% M/M) and BYD ( OTCPK:BYDDF ) sold 239,092 units during the month (+14% Y/Y).

The EV giant has been the subject of considerable attention in China in recent weeks, after Elon Musk's surprise, high-stakes visit .

Shares up 1.4% PM.

Looking longer-term, shares have lost around 17% over a period of 12 months, but have bounced back with ~98 % gains so far this year in 2023.

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