{"id":30152,"date":"2023-07-01T12:50:02","date_gmt":"2023-07-01T16:50:02","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/li-auto-xpeng-and-nio-post-ev-delivery-record-in-june-one-had-a-great-month\/"},"modified":"2023-07-01T12:50:04","modified_gmt":"2023-07-01T16:50:04","slug":"li-auto-xpeng-and-nio-post-ev-delivery-record-in-june-one-had-a-great-month","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=30152","title":{"rendered":"Li Auto, XPeng, and NIO Post EV Delivery Record in June. One Had a Great Month."},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Deliveries in June from Chinese electric-vehicle producers
\n Li Auto,<\/span><\/p>\n

XPeng,<\/span>
\n and
\n NIO
\n were great but uneven. The results hold a couple of lessons for investors ahead of
\n Tesla
\n \u2018s closely watched delivery report due Sunday. <\/p>\n

The Chinese EV trio delivered 51,902 vehicles in June, a record for any month and up from 41,280 delivered in June 2022. The result showed that EV demand in China has been growing. <\/p>\n

\n

That\u2019s good news for investors in
\n Tesla
\n (ticker TSLA),
\n BYD
\n (1211.Hong Kong), and other EV makers. China is the largest market for new cars and, more importantly, new EVs. In 2022, more than 60% of all battery-electric vehicles sales took place in China. <\/p>\n

Records are great, but the month for
\n NIO
\n (NIO),
\n XPeng
\n (XPEV), and
\n Li Auto
\n (LI) was very uneven. <\/p>\n

Li Auto delivered 32,575 vehicles, up 150% from the 13,024 delivered in June 2022. It\u2019s a record for the company and the first time it has exceeded 30,000 units in a month. Li accounted for more than 60% of combined deliveries. <\/p>\n

NIO delivered 10,707 units in June, down about 17% from 12,961 units delivered in June 2022. <\/p>\n

XPeng delivered 8,620 units in June, down 44% from the 15,295 delivered in June 2022. <\/p>\n

Along with strong overall demand, results from the three Chinese EV start-ups showed not every company is winning and the strong have been getting stronger. That isn\u2019t great news for XPeng, which has struggled the most lately. Shares of XPeng have fallen 56% over the past 12 months, while the
\n S&P 500
\n and
\n Nasdaq Composite
\n have gained about 16% and 24%, respectively, over the same span. <\/p>\n

NIO stock has struggled too. Shares have declined about 55% over the past 12 months. Li stock has been the relative winner, dropping just 7% over that span. <\/p>\n

The market likes growth. Li deliveries in 2023 have risen about 130% from last year. NIO has eked out 7% growth. XPeng\u2019s year-to-date deliveries have fallen 40%. <\/p>\n

Chinese EV leader BYD has grown battery-electric deliveries by about 90% year to date through May. (June deliveries are expected soon). The company\u2019s shares have declined 20% over the past 12 months, but BYD\u2019s market capitalization is still north of $100 billion. <\/p>\n

In China,
\n Tesla
\n has grown deliveries in China by almost 50% this year. Its stock has gained about 15% over the past year. Tesla is the most valuable car company in the world with a market capitalization north of $800 billion. <\/p>\n

As the EV industry matures, it\u2019s getting harder for smaller companies to maintain momentum. That\u2019s fine for Li, BYD, and Tesla. The news isn\u2019t as good for the others. <\/p>\n

As for Tesla, Wall Street is looking for roughly 445,000 units delivered in the second quarter, up from about 255,000 units in the second quarter of 2022 and up from about 423,000 delivered in the first quarter of 2023. <\/p>\n

Write to Al Root at\u00a0allen.root@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Deliveries in June from Chinese electric-vehicle producers Li Auto, XPeng, and NIO were great but uneven. The results hold a couple of lessons for investors ahead of Tesla \u2018s closely watched delivery report due Sunday. The Chinese EV trio delivered 51,902 vehicles in June, a record for any month and up from 41,280 delivered in […]<\/p>\n","protected":false},"author":1,"featured_media":30153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-30152","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nLi Auto, XPeng, and NIO Post EV Delivery Record in June. One Had a Great Month. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Deliveries in June from Chinese electric-vehicle producers Li Auto, XPeng, and NIO were great but uneven. 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