China EV makers and Tesla rivals XPeng and Xiaomi reported record July deliveries on Friday, while BYD, Li Auto and Nio saw month-to-month declines.
Tesla does not release monthly sales, but industry data will report the U.S. EV giant's China deliveries in early August.
XPeng, Xiaomi Deliveries
XPeng delivered a record 36,717 vehicles in July, up 6.1% vs. June and 229% vs. a year earlier. The Mona 03 sedan, the first model from XPeng's affordable Mona brand, has been a big sales driver for several months. XPeng sells fully battery electric vehicles (BEVs) but plans to also sell extended-range EVs (EREVs), essentially a form of plug-in hybrid (PHEV),
Xiaomi delivered more than 30,000 vehicles in July, a new record. The handset maker, which entered the EV business last year, doesn't give specific EV sales figures. The bulk of Xiaomi's EV sales are the SU7 sedan, which outsells the Tesla Model 3 in China. The brand-new YU7 crossover, viewed as a big threat to the Model Y, saw a few thousand deliveries as production picks up. Both models have huge backlogs.
Nio, Li Auto Deliveries
Nio deliveries came in at 21,017, down 15.7% vs. June. They did climb 2.5% vs. a year earlier. July's total includes 12,675 from the premium Nio brand, 5,976 vehicles from the mainstream Onvo brand and 2,336 EVs for the lower-end Firefly brand.
On Friday, Nio began deliveries of its Onvo L90 SUV. The second Onvo model starts at just $36,940 including the battery pack.
All of Nio's brands sell only BEVs.
Li Auto delivered 30,731 vehicles in July, down 15.3% vs. June and 39.7% vs. a year earlier. The premium automaker sells mostly EREV SUVs, but sells the Mega, a BEV minivan, and is launching a new line of BEV SUVs, starting with the Li i8 on July 29.
BYD Sales
The world's largest EV maker reported July sales of 344,296, down 10.1% vs. June. They did edge up 0.6% vs. a year earlier. Passenger BEV sales came in at 177,887, down 14% vs. June but up 36.8% vs. a year earlier. PHEV sales sank 4.45% vs. June and 22.6% vs. a year earlier to 163,143.
Overseas sales, which have held offset domestic weakness, declined 10.3% vs. June's record to 80,737. They're still up 169% vs. a year earlier.
China EV Stocks
XPeng stock fell 0.9% on Friday, trading modestly below its 50-day line.
Xiaomi's U.S. shares dipped 0.2%. XIACY stock tumbled 8.1% for the week, tumbling below a buy point and the 50-day line.
Nio stock rose 2.9% to 5.01, after jumping 8% Thursday on the Onvo L90 launch. Investors could use the July 23 high of 5.21 as a handle entry in a base going back to March.
Li Auto stock shed 3.3%, below the 200-day line. On Tuesday, shares briefly reclaimed a buy point on the i8 launch, but reversed sharply lower to knife through the 50-day line. LI stock dived 14.7% for the week.
BYD's U.S. shares slumped 2.7% on Friday to their lowest level in nearly four months. Shares plunged 12.8% for the week, undercutting the 200-day moving average.
Tesla stock declined 1.8% on Friday as a Miami jury found the EV giant partially liable for a deadly crash involving Autopilot. Shares have fallen back from resistance at key moving averages this week as Tesla expands a ride-hailing to the San Francisco area.
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