Chinese EV Makers Unveil Delivery Volumes in April

In April, Chinese automakers’ delivery results revealed that Li Auto delivered more vehicles than NIO and XPeng combined. Additionally, the new energy vehicle brands of traditional car companies are experiencing a consistent upward trend in sales.

Li Auto has broken its own record for monthly deliveries by delivering 25,700 vehicles in April. This marks the second consecutive month that Li Auto has delivered over 20,000 vehicles. The company’s cumulative delivery volume now stands at 335,600 units. Li Xiang, Chairman and CEO of Li Auto, announced that the L7 model achieved more than 10,000 deliveries in its first full delivery month. Additionally, he revealed that the company plans to launch its first pure electric vehicle by year-end.

XPeng delivered 7,079 vehicles in April, similar to the number of deliveries made in March. However, this figure indicates a year-on-year decrease of 21.4% and has not yet reached last year’s peak level. The XPeng G6, a new model unveiled at Auto Shanghai last month, is anticipated to be launched and delivered during Q2 of this year. It will collaborate with the P7i that was released in March to enhance sales performance.

In April, NIO experienced a 35.6% month-on-month decline in car sales, selling only 6,685 units. Additionally, customers were required to pay for previously free services such as battery swapping, charging piles and NOP+. During a media communication meeting, NIO CEO William Li acknowledged that they are anticipating a decrease in customer purchasing willingness.

Last month, NETA Auto delivered 11,000 vehicles. However, the mid-to-low-end models NETA V and NETA U remain the sales leaders with a combined delivery volume of 8,548 units, representing 77.15% of total sales. The sports car model NETA S sold a total of 2,237 units, while the recently launched sports car model NETA GT only had 295 deliveries.

Leapmotor’s delivery volume rose by 41% month-on-month to 8,726 vehicles, with the C series accounting for over 83% of total sales due to its higher unit prices. However, in January of this year, Leapmotor experienced a significant decline in sales compared to the previous month.

BYD’s sales of new energy vehicles in April reached 210,295 units, which is a significant increase from the 106,042 units sold during the same period last year. The cumulative sales for this year have already reached 762,371 units, representing an impressive year-on-year growth rate of 94.30%. Additionally, BYD sold a total of 14,827 new energy passenger vehicles overseas in April.

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A noteworthy trend is the substantial rise in market share of electric vehicle brands owned by traditional car manufacturers, such as GAC AION, Zeekr, and Deep Blue.

GAC AION, a company that targets the mid-to-low-end market, experienced a 2.5% month-over-month growth and delivered over 40,000 vehicles last month. Zeekr also saw an impressive month-over-month growth of 21.6%, delivering 8,101 vehicles in April. The third model of Zeekr called Zeekr X is expected to begin deliveries in June. Despite experiencing a decline of 9.48% compared to the previous month, Deep Blue under Changan Automobile still managed to deliver 7,756 vehicles in April, which exceeded NIO and XPeng‘s monthly deliveries.