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NIO XPEV LI report strong deliveries for June as Covid wanes

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Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China.

Nio

Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 vehicles in June, up 60% from a year ago, as China’s auto industry continued to rebound after months of pandemic-related disruptions.

Its total deliveries of 12,961 was Nio’s best monthly result since it began sales to the public in June 2018. But it wasn’t enough to outpace the company’s two key rivals. XPeng Motors reported Friday that it delivered 15,295 vehicles to customers in June, up 133% from a year ago. Also Friday, Li Auto reported delivering 13,024 of its SUVs last month, up 69% from a year ago.

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Source cnbc.com

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