Li Auto, Nio Deliveries Rise On-Year Despite Monthly Dips: XPeng Records 570% Annual Growth

U.S.-listed Chinese EV startups Nio Inc. NIO, Li Auto Inc. LI, and XPeng Inc. XPEV reported February delivery numbers well over the corresponding month of 2024 on Saturday. Xpeng witnessed a 570% increase in deliveries year-on-year last month.

Li Auto Witnesses Month-On-Month Drop: Li Auto said it delivered 26,263 vehicles in February, marking a 30% jump in sales year-over-year and a 12% dip from January when it delivered 29,927 vehicles.

Xpeng Mona M03 Pushes Company Ahead: Xpeng witnessed a whopping jump of 570% year-over-year in deliveries last month. The company delivered 30,453 vehicles last month, marking a rise of 0.3% from January.

The Guangzhou-based EV startup said that its deliveries of the XPeng Mona M03 hatchback coupe alone exceeded 15,000 units.

Nio Pushes Ahead At Slower Pace: Shanghai-based Nio, meanwhile, delivered 13,192 vehicles in February, including 9,143 Nio brand vehicles and 4,049 ONVO brand vehicles. This is a 4.8% drop from January delivery numbers but a 62% rise from February 2024 sales.

Nio launched its lower-priced EV brand Onvo in May. The brand started selling its first vehicle, the Onvo L60 – only in late September. The brand is now gearing up to launch its second vehicle, the Onvo L90, this year.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read Next:

• Tesla Begins Global Production Of Refreshed Model Y, Deliveries Start In March

Photo courtesy: Shutterstock