China’s Xpeng keeps up its solid EV delivery streak against rivals
The Chinese electric automobile company XPENG exhibits its mass market Mona M03 Coupe on 26 August 2024 in a central showroom in Guangzhou, China.
CNBC | Evelyn Cheng
Beijing – Chinese Electric Car Start XPENG BYD continues to sell against its competitors, even if it expanded its market domination in the midst of a violent price war in China.
XPENG said he had delivered 34,611 cars in June on Tuesday. Eighth flat moon To offer more than 30,000 cars.
In New York trade, stock increased by more than 2%. XPENG did not specify which part of the delivery was for the advanced driver or a lower priced mona brand.
China’s electric car price war has only concentrated in recent weeks and attracted the government’s criticism for “invasic” or excessive, unproductive competition. Chinese President Xi Jinping held a high -level financial and economic commission meeting on Tuesday. More governance about “low price, irregular competition”, According to the CNBC translation of the Chinese state media.
Mixed Results for competitors
Tar aiming for a more premium part of China’s automobile market, XPENG’s competitors listed in the US saw a more modest sales momentum.
Geely supported Zekr In June, 16,702 car deliveries reported, 11.7% and 16.9% annually compared to the previous month.
Nio In June, 24,925 car deliveries reported, Premium “Nio” brand and lower -priced Onvo and Firefly brands thanks to the growth of May.
Li Auto Report 36,279 vehicle delivery in JuneA decrease of 11.2% from May, but the total deliveries in the second quarter were 111,074, and the company’s 108,000 cars were better than the lowered guidance. Company on Friday Cut the second quarter delivery view With more than 15,000 cars, it attributed the fall to the sales system.
“Based on our channel controls and analysis, Li Auto’s
banning extra discounts [from salespeople sharing their commission with customers] Since the beginning of June 2025, “Nomura analysts in a report on Sunday. The car manufacturer’s movements, services and brand recognition focus on improving recognition, while the effort to limit the competition between sales officials.
Most of Li Auto’s models are SUVs that expand the driving range of the car and come with a fuel store that deals with one of the largest consumer concerns about electric vehicles. Li Auto’s monthly deliveries exceeded 50,000 last year.
Tesla under pressure
On the Hong Kong list Xiaomi In June, he reported the delivery of more than 25,000 electric cars, which is a slight decrease compared to the previous month.
Less than a day after you announce its new YU7 SUV, 10,000 yuan ($ 1,400) will be cheaper TeslaModel Y said the Chinese smartphone manufacturer has received more than 240,000 locked orders. Xiaomi claimed that YU7 offered a longer driving range than Model Y, but acknowledged that Tesla’s assisted driving system was more advanced.
According to Xiaomi’s online order portal, YU7 SUV deliveries are planned to take more than half a year, even if not longer. The company initially said that deliveries would take one to five weeks.
“We believe that a significant portion of new orders can come for the new model that reflects the expectations of excessive popularity for the new model,” JL Warren Capital, research president CEO Junheng li. He said.
“We guess [Tesla] In the quarter of China, the 12% year -old unit will be ~ 128K units exposed to pressure by intensifying the competition from the launch of the new model of Chinese brands. “He said.
According to the website on Tuesday, Tesla increased its price for 10,000 Yuan with a four -wheel drive with 3 long -range.
As of May, Tesla became the fifth largest automobile manufacturer with a market share in China’s new energy vehicle segment, which contains only battery and hybrid motor cars. The figures from the Chinese passenger car association showed Tesla’s retail sales in the country in the first five months of the year A little fell into more than 200,000 vehicles. June figures were not available on Wednesday morning from local time.
LapmotorHe established a partnership with Chrysler and Stellantis, the owner of Jeep for the overseas market, continued a stable growth in June 48.006 Automobile Record Delivery For the moon. Using Huawei technology for the car’s entertainment and driver’s assistant system, 44,685 Car Delivery For last month.
Compete against the giant
Byd Sunday giant remained, Passenger automobile sales higher edge in June 377,628 vehicles, more than half were only battery cars. The rest were Plug-in hybrid electric cars.
This brought the sales of passenger automobiles in the first half of the year to 2.1 million vehicles.
On the other hand, Leapmotor and Li Auto saw the delivery of more than 200,000 cars in the first half of the year, while the XPENG 197.189 was only shy without comparison in vehicle delivery.
CNBC, according to the calculations of public numbers, Xiaomi’s first half of the year deliveries exceeded 150,000 cars.
BYD, Xiaomi and Geely will be the highest probability of survival in any chaotic industry consolidation of Michael Dunne, President of Dunne Insights.
Speaking about CNBC’s “Chinese connection”, Nio has a great product because of their bad financial situation and “doing all the right things”, although it may be at risk, he added.
