TMTPOST--TheAmericandepositaryreceipts(ADRs)ofXpengInc.roseasmuchas9.2%andsettled5.3%higheronMonday.SharesralliedtothehighestcloseintwoweeksaftertheChineseelectricvehicle(EV)makerpostedanotherdeliveryrecord.
Credit:Xpeng
Deliveriesofartificialintelligence(AI)-poweredMonaM03,aTeslaModel3rival,exceeded10,000unitsforthethirdconsecutivemonthsinceitslaunchinlateAugust.After23daysoflaunch,deliveriesofXpengP7+,theworld’sfirstvehicletofeaturebuilt-inAI-poweredadvancedAdvancedDriverAssistanceSystems(ADAS)acrosstheentirelineup,exceeded7,000units.Forthefirstelevenmonthsof2024,XPENGdelivered153,373SmartEVs,a26%increasefromthesameperiodlastyear.
BYDCo.Ltd,China’sNo.1newenergyvehicle(NEV)manufacturer,announcedatweekenditsold506,804newenergyvehicles(NEVs)inNovember,shatteringitssalesrecordforasixthconsecutivemonth.Thesalesrepresenteda67.86%YoYincreaseafterBYDbecamethefirstChineseautomakertosellmorethan500,000carsinamonthinOctober.AsofNovember,BYDsalestotheyeardategained40.02%YoYto3,757,336units.
ZhejiangLeapmotorTechnologiesLtd.forthefirsttimedeliveredmorethan40,000EVsinamonth.Itsdeliverysurged117%YoYto40,169unitsinNovember,bringingthetotaldeliveryofthisyearto251,207units.Thatvolumedoubledfromtheelevenmonthsof2023.TheStellantisNV'sChinesepartnersaiditbecamethefirstChineseEVstartupsthatmetitsannualsalestargetearlier,andwillchallgencea500,000-unittargetfortheyear2025.
LiAutosaiditdelivered48,740vehiclesinNovember,up18.8%YoY,whilethedeliverywasdeclined5.3%MoM.ThatisthesecondMoMdrpafterthecompanysetitsmonthlyrecordinSeptember.AsofNovmber30,LiAutohaddeliveredatotalof441,995vehiclesin2024,withcumulativedeliveriesreaching1,075,359.ThecompanysaiditremainedthesaleschampionofChineseautomotivebrandsintheRMB200,000andaboveNEVmarketforeightstraightmonths.
NioInc.hasdeliveredmorethan20,000EVsforaseventhstraightmonth.ItsdeliveryinNovemberclimbed28.9%YoYto20,575vehicles,thoughfell1.9%MoM.Themonthlydeliveriesconsistedof15,493vehiclesfromthecompany’spremiumsmartelectricvehiclebrandNIO,and5,082vehiclesfromitsfamily-orientedsmartelectricvehiclebrandONVO.