NIO XPEV LI report strong deliveries for June as Covid wanes

Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Product X and Product Y in China.


Chinese electric-motor vehicle maker Nio noted Friday that it sent virtually 13,000 vehicles in June, up 60% from a yr in the past, as China’s vehicle market continued to rebound right after months of pandemic-similar disruptions.

Its total deliveries of 12,961 was Nio’s greatest regular monthly consequence given that it commenced income to the general public in June 2018. But it was not plenty of to outpace the firm’s two crucial rivals. XPeng Motors described Friday that it sent 15,295 automobiles to prospects in June, up 133% from a calendar year in the past. Also Friday, Li Vehicle noted providing 13,024 of its SUVs very last thirty day period, up 69% from a 12 months back.

All a few automakers have experienced intermittent generation disruptions because the onset of the Covid pandemic. But Nio, dependent in Shanghai with factories in Hefei, was hit hardest by the most new outbreaks. June was its initially thirty day period with a lot more than 10,000 deliveries since December.

Nio did not share information Friday of its production restoration endeavours. But it mentioned it will start out deliveries of its forthcoming new ES7 SUV and revised variations of ES8, ES6 and EC6 SUVs in August.

XPeng, dependent in southern China in the vicinity of the metropolis of Guangzhou, mentioned it was in a position to resume two-change manufacturing in mid-May perhaps at its factory in Zhaoqing. The firm on Friday verified strategies to launch a new flagship SUV, the G9, in September. It stated preorders for the G9 will open up in August.

Li Auto, dependent in Changzhou, unveiled its individual new flagship, a massive SUV referred to as the L9, in June. The corporation, which earlier this 7 days announced programs to increase $2 billion by means of an at-the-market stock providing, said Friday that it expects to start off providing the L9 by the conclusion of August.