Chinese electric car company Xpeng displays its mass-market Mona M03 follicle inside the showroom of an headquarters in Guangzhou, China on 26 August 2024.
CNBC | Evelyn Cheng
Beijing – Chinese Electric Car Startup Xpeng Maintaining the pace of sales against its rivals, even a terrible value in China extends to the dominance of its market amidst a fierce value war.
Xpeng said it on Tuesday gave 34,611 cars in June, which is the eighth-half month to distribute more than 30,000 cars.
The stocks increased by more than 2% in New York Trading. Xpeng did not specify what part of delivery for advanced driver-anticist, or for its low-priced Mona brand.
China’s Electric Car Price War has intensified only in recent weeks, “invoice,” or attracts government criticism for high-producing competition. According to the CNBC translation of the Chinese state media, on Tuesday, Chinese President Xi Jinping led a high-level financial and economic commission meeting, which asked for more rule of “low price, disorganized competition”.
Mixed results for contestants
XpenG’s US-listed rivals, which targets more premium segments of China’s car market, saw the pace of more minor sales.
Innocent Zeekar In June, 16,702 car delivery reported, which is 11.7% from the earlier month and the year is less than 16.9% years.
NIO 24,925 car delivery reported in June, a slight increase from May, thanks to the increase in its premium “NIO” brand and low -priced Onvo and firefly brands.
Lee Auto reported 36,279 vehicle delivery in June, declining 11.2% from May, but its total delivery in the second quarter led to 111,074 units, which is better than the company’s less guidance of 108,000 cars. The company on Friday cut off the delivery outlook with more than 15,000 cars in its second quarter, declining its sales system upgrade.
“Based on our channel checks and analysis, we understand that Lee Auto has started
Additional discounts stop [from salespeople sharing their commission with customers] From the beginning of June 2025, within its sales network, “Nomura analysts said in a report on Sunday. They looked at the steps of the automaker as an attempt to limit competition among their salespers, focusing on improving services and brand recognition.
Lee Auto’s models are SUVs that come up with a fuel tank, which expands the car’s driving range and addressed one of the biggest consumer concerns about electric vehicles. Lee Auto’s monthly delivery exceeded 50,000 at the end of last year.
Tesla under pressure
Hong Kong list Xiaomi The delivery of more than 25,000 electric cars reported in June, a marginal shortage since last month.
It will be cheaper than 10,000 yuan ($ 1,400) in less time than a day after announcing its new U7 SUV. TeslaThe Chinese smartphone manufacturer said that its car received more than 240,000 lock-in order. Xiaomi claimed that YU7 offered a long driving range compared to model Y, but admitted that Tesla’s aid-driving system was more advanced.
According to Xiaomi’s online ordering portal, the YU7 SUV delivery is now slate to carry more than half the year. The company initially said that delivery would take one to five weeks.
“We believe that a significant part of the new orders may come from scalpers, reflects expectations of extreme popularity for the new model,” Jungen Lee said in a note on Wednesday, the head of research at JL Warren Capital.
“We guess [Tesla] Q2 sales in China ~ 128k units, 12% yoy below, the new model launch of Chinese brands was pressurized by intensifying competition, “Lee said.
Tesla raised its price for 10,000 yuan in China for model 3 long-range all-wheel drive on Tuesday, according to her website on Tuesday.
As of May, Tesla was the fifth largest vehicle manufacturer in China’s new energy vehicle segment, which includes battery-cavalry and hybrid-powered cars. The data from the China Passenger Car Association revealed that Tesla’s retail sales in the country fell to more than 200,000 vehicles for the first five months of the year. The June figures were not available local time on Wednesday morning.
JumpThe owner of Chrysler and Jeep for the overseas market, also participated with Stellentis, also maintained a frequent increase in June with a record delivery of 48,006 cars for the month. Aito, which uses Huawei technology for the entertainment and driver-assistant system of the car, reported 44,685 car delivery for the previous month.
Competition against a huge
Bide The market veteran remained higher for 377,628 vehicles in June, out of which more than half of which were of battery-cars. The rest were plug-in hybrid electric cars.
This brought the sale of the passenger car of Byd to 2.1 million vehicles for the first half of the year.
In contrast, leopard and Li Auto each saw delivery of more than 200,000 cars in the first half of the year, while XPENG was shy from benchmark in 197,189 vehicle delivery.
According to the CNBC calculation of publicly available data, Xiaomi exceeded 150,000 cars in the first half of the year for the first half of the year.
Byd, Xiaomi, and geely would be most likely to avoid the consolidation of any chaotic industry, predicting Michael Dna, the head of the advisor in Dune Insights.
Speaking on CNBC’s “The China Connection”, he said that NIO may be at risk despite being a great product and can “all the right things” due to its poor finance.
