XPeng Outpaces Nio and Li Auto in January Deliveries

In a recent announcement, U.S.-listed Chinese electric vehicle startups Nio Inc. (NIO), Li Auto Inc. (LI), and XPeng Inc. (XPEV) shared their delivery figures for January, showing that XPeng has taken the lead among these competitors.

Li Auto Delivery Report

Li Auto delivered a total of 29,927 vehicles in January, which represents a 4% decline compared to the same month last year. The company saw a significant drop of 49% from December when it reported 58,513 deliveries. This decline raises concerns about the company’s momentum as it begins the new year.

XPeng Sees Impressive Year-Over-Year Growth

XPeng, on the other hand, reported a notable increase in its delivery numbers, with 30,350 vehicles delivered in January. This figure marks a substantial 268% year-over-year growth, although it is a 17.3% decrease from December's totals. A significant portion of XPeng's success comes from the XPeng Mona M03 hatchback coupe, which saw over 15,000 units delivered.

Nio's Performance and ONVO Launch

Nio also provided its delivery numbers, reporting 13,863 vehicles delivered in January. This included 7,951 vehicles from the NIO brand and 5,912 from its new ONVO brand. Compared to December, this shows a striking 55.5% decrease in deliveries; however, it represents a 38% increase compared to January 2024. Nio’s ONVO brand was launched last May, and it introduced its first vehicle, the ONVO L60, in late September.

Overall, while XPeng leads the pack in terms of January deliveries, both Nio and Li Auto are facing challenges in maintaining their sales figures compared to the previous month. As the electric vehicle market continues to grow, it will be critical for these companies to address their delivery strategies to capture more market share.

Tesla, EV, Delivery