The competition on the electric car market is getting more challenging by the quarter, according to the latest figures
the Chinese US-listed electric car start-up, announced it delivered 7,931 vehicles
in July, reaching a year-to-date total of 49,887, more than all of last year.
However, the July figures fell from the monthly record set in June 2021 – 8,083
vehicles deliveries. So far this year,
Nio has delivered more than 10,000 cars than Li Auto and Xpeng.
On the other hand, the US-listed Li Auto surpassed Nio’s
July numbers, with figures coming in at 8,589. The Li-One SUV is the company’s
only model on the market. On a YTD basis through July, 38,743 vehicles were
delivered. Moreover, Li Auto shares have performed the best this year, gaining
Following suit was Xpeng, with a monthly
record of 8,040 vehicles, 75% of the number representing its P7 sedan. Overall,
the company delivered 38,778 cars.
Now eyes are on Nio’s next earnings report on August 11, as
investors await second-quarter results.
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