Nio, Xpeng, and Li Auto, three Chinese EV leaders, reported strong delivery numbers in 2022 despite ongoing supply chain disruptions. Here’s a look at how their deliveries compared this past year.
Nio, Xpeng, and Li Auto battle for EV share in 2022
Li Auto led the way, delivering 21,233 vehicles in December, up 50.7% year-over-year (YOY), for a total of 133,246 in 2022, representing an over 47% increase from last year.
Nio lowered its expectations for the fourth quarter last week after a slowdown in December over production constraints in China due to a rising number of COVID-19 cases. The company said it was facing challenges (deliveries and production) in December 2022 due to China’s strict “zero COVID” policies.
Meanwhile, the company delivered 15,815 EVs in December, a new record high monthly sale, bringing total sales for the year to 122,486, an increase of 34% YOY.
Xpeng ranked third, delivering 11,292 vehicles in December, down from 16,000 last year, for a total of 120,757 in 2022.
Nio, XPeng, Li Auto 2022 deliveries
Lovely_Moo : In the foreseeable future, these three could all be winners - as long as Tesla and BYD do not eat up their market quickly enough.
Lovely_Moo : Having said that, I like Nio the most due to its relatively more innovative approach (battery swap, Nio house, racing car, etc) - albeit at the cost of lack of early delivery (and near bankruptcy!). I hope Nio gain more confidence from more investors as they deliver more.