TMTPost -- The American Depositary Receipts (ADRs) of Nio Inc. and Li Auto Inc. each jumped 6.7% Monday after two Chinese electric vehicle (EV) makers posted robust delivery growth in June.
Credit:Nio
Nio shattered its monthly record again with a delivery of 21,209 vehicles in June. The delivery represented a 98.1% year-over-year (YoY) increase, 3.2% more than the previous record--20,544 units set a month ago. Though the company decelerated its delivery compared with a YoY increase of 223.8% and a 31.% month-over-month (MoM)in May, it still maintained three-digit growth in the quarter ended June. That quarter saw a delivery of 57,373 vehicles, with a 143.9% YoY increase. The delivery volume beat even upper end of Nio's guidance range between 54,000 units and 56,000 units made last month. For the first half of this year, Nio delivered 87,426 vehicles, up 60.2% YoY.
Li Auto said its delivery in June gained 46.7% YoY to 47,774 vehicles, accelerating from a 23.8% YoY increase in May. The delivery suggested another double-digit growth with a 35.8% MoM increase, compared with a 35.8% increase a month ago. The stellar growth drove Li Auto back to the leadership among Chinese EV startups. It has delivered 108,000 units for the second quarter, up 25.3% YoY. The chairman and CEO Li Xiang highlighted delivery surpassed 20,000 vehicles for Li L6 alone in June. "Since the second quarter, Li Auto has reclaimed the top spot in sales among China's emerging new energy auto brands, and has become the sales champion of Chinese auto brands in the RMB200,000 and higher NEV market, driven by the launch of our new model, Li L6, and the improvement of store efficiency," Li said.
Nio and Li Auto's CHInese peers also delivered strong growth in June. Zhejiang Zeekr Intelligent Technology Co., Ltd., refreshed its record again with a delivery of 20,106 vehicles,surging 89% YoY. That is the first time for the startup under Volvo's owner Zhejiang Geely Holding Group to ship more than 20,000 units in a month, and the new record was 8% higher than the previous one set in May.
Zeekr became the best seller among Chinese full-electric brand priced above RMB200,000 this year as it delivered 87,870 vehicles in the first six months, more than doubling from a year ago with a 106% YoY increase. Zeekr has delivered more than 10,000 units of Zeekr 001, a five-seater, cross-over shooting brake, for two months in a row, notching the position as top seller among full-electric models priced at more than RMB250,000. Zeekr is on the track to meet its annual sales target of 230,000. The company has to step up sales since the target requires it to deliver 23,688 vehicles every month for the second half of this year based on the average monthly delivery year to date.
Xpeng Inc. delivered 10,668 EVs in June with a 24% YoY increase and a 5% MoM increase, bringing the total delivery in the first half of this year to 52,028 vehicles, up 26% YoY. The company said X9, its first full-electric MPV (Multi-Purpose Vehicle) model, maintaining its impressive streak as the top seller in both the all-electric MPV and three-row model segments in China this year. X9 achieved monthly deliveries of 1,625 units in June, with cumulative deliveries of 11,456 units since its launch on January 1.