NIO Inc. Provides May 2024 Delivery Update
- NIO delivered 20,544 vehicles in May 2024, increasing by 233.8% year-over-year
- NIO delivered 66,217 vehicles year-to-date in 2024, increasing by 51.0% year-over-year
- Cumulative deliveries of NIO vehicles reached 515,811 as of May 31, 2024
SHANGHAI, June 01, 2024 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its May 2024 delivery results.
NIO delivered 20,544 vehicles in May 2024, representing a substantial increase of 233.8% year-over-year. The deliveries consisted of 12,164 premium smart electric SUVs, and 8,380 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 515,811 as of May 31, 2024.
XPENG Announces Vehicle Delivery Results for May 2024
GUANGZHOU, China, June 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for May 2024.
XPENG delivered 10,146 Smart EVs in May, representing a 35% increase year-over-year and an 8% increase over the prior month. The XPENG X9 notably achieved monthly deliveries of 1,625 units, reaching a cumulative total of 11,456 units, and has continuously held its top-selling position in both the all-electric MPV and three-row model segments in China since its launch. Year-to-date, XPENG has delivered 41,360 Smart EVs, representing a 26% increase year-over-year.
Li Auto Inc. May 2024 Delivery Update
BEIJING, June 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 35,020 vehicles in May 2024, up 23.8% year over year. The cumulative deliveries of Li Auto vehicles reached 774,571 as of the end of May 2024.
BYD May 2024 Sales
The Tesla archrival's sold 331,817 EVs in May, up 5.9% vs. April's 313,245 and 38.1% vs. a year earlier. That's still below December's record 341,043. Excluding a few hundred commercial EVs, BYD sold a record 184,093 plug-in hybrids (PHEVs) and 146,395 fully battery electric vehicles (BEVs).
PHEV sales have led BYD's rebound from early 2024 lows and are likely to to keep spearheading BYD's growth amid the entrenched EV price war.
That's because BYD on May 28 unveiled its fifth-generation hybrid electric powertrain technology. BYD said can deliver 2,100 kilometers (1,305 miles) on a full battery and full tank of gas, with some real-world tests reaching 2,500 kilometers.
That is roughly double the typical 500-700 miles delivered by the longest-range hybrid cars sold in the U.S. market today.
Plug-in hybrid sales are surging in both the U.S. and Chinese markets. Though plug-ins are powering China EV sales, Tesla sits out of the hybrid market, where BYD dominates.
On Tuesday, BYD also showed off its new Qin L and Seal 06 cars — both equipped with its latest hybrid tech and priced from under RMB 99,800 ($14,000).
BYD began deliveries of the Qin L and Seal 06 PHEV sedans just before the end of May, along with the all-electric Sea Lion 07 crossover, a Model Y rival.
In Q2, BYD is poised to reclaim the crown for battery electric vehicles, or "pure EVs," from Tesla. |
