NIO launched the brand new ES6 on Could 24, although the mannequin is probably going nonetheless within the strategy of climbing capability and never contributing a lot to gross sales.
Li Auto (NASDAQ: LI) stored gross sales sturdy final week, whereas its two native friends, NIO (NYSE: NIO) and XPeng (NYSE: XPEV), remained weak.
With 6,600 models offered within the week of Could 29 to June 4, Li Auto continues to steer the pack amongst China’s new car-making manufacturers, the corporate mentioned right this moment on Weibo.
That is way over different new automotive manufacturers and greater than the second and third locations mixed, Li Auto mentioned.
Li Auto has delivered greater than 20,000 models for 3 consecutive months, and this month the corporate will goal to succeed in its 30,000-unit month-to-month gross sales goal, it added.
Li Auto did not clarify what the weekly gross sales are based mostly on, however apparently, they’re insurance coverage registrations. The corporate had suspended sharing these numbers in Could, however has now resumed sharing them.
All of Li Auto’s fashions at present on sale are extended-range electrical autos (EREVs), basically plug-in hybrids which can be focusing on a broader market, together with the five-seat Li L7 and the six-seat Li L9 and Li L8.
NIO and XPeng, then again, supply solely purely electrical fashions and face a rising however a lot smaller market house.
NIO offered 1,700 models final week, in keeping with figures shared by Li Auto. That is barely larger than the earlier week’s 1,600 models.
Final week included the final three days of Could and the primary 4 days of June. The insurance coverage information represents the variety of autos registered in China.
NIO launched the brand new ES6 on Could 24, though the mannequin is probably going nonetheless within the strategy of climbing capability and thus nonetheless not contributing a lot to gross sales.
The electrical car (EV) maker delivered 6,155 autos in Could, down 7.55 % from April and down 12.37 % year-on-year, in keeping with information launched on June 1.
NIO will end climbing capability for the brand new ES6 in June to ship autos as early as attainable, Jim Wei, the corporate’s senior vp of consumer operations, mentioned in saying Could supply figures on the NIO App on June 1.
In a analysis notice despatched to traders yesterday, Morgan Stanley analyst Tim Hsiao’s group mentioned that NIO’s general new order consumption hit a year-to-date excessive due to the launch of the brand new ES6.
Tesla (NASDAQ: TSLA) offered 14,500 models final week, up from 12,800 the week earlier than, in keeping with figures shared by Li Auto.
Tesla offered 77,695 China-made autos in Could, together with these exported, information launched yesterday by the China Passenger Automobile Affiliation (CPCA) confirmed.
This was up 2.44 % from 75,842 autos in April and up 141.55 % from 32,165 autos in the identical month final yr.
XPeng (NYSE: XPEV) offered 2,100 models final week, unchanged from the earlier week.
The corporate delivered 7,506 autos in Could, down 25.87 % year-on-year, however up 6.03 % from April.
XPeng will start pre-sales of the G6, the brand new SUV designed to compete with Tesla’s Mannequin Y, on June 9.
Zeekr offered 2,100 models final week, up from 1,900 models the week earlier than.
The corporate delivered 8,678 autos in Could, up 100.42 % from 4,330 in the identical month final yr and up 7.12 % from 8,101 in April.
That is the fourth consecutive enhance in month-to-month deliveries for Zeekr, which can start deliveries of its third mannequin, the Zeekr X, later this month.
Leapmotor gross sales have been 3,400 models final week, down from 3,600 the week earlier than. Neta was 2,900 models final week, up from 2,100 the week earlier than.