China's electric vehicle (EV) market continues to show strong growth, with April 2024 plug-in EV sales increasing by 30% compared to April 2023, and year-to-date sales up by 32%. In April alone, 703,788 plug-in autos were sold, 59% of which were fully electric, accounting for 44% of total auto sales. Meanwhile, European Union (EU) faces a challenge as it plans to increase taxes on Chinese electric cars to protect its industry while encouraging more Europeans to drive EVs. In 2023, 20% of all-electric cars sold in the EU, or 300,000 units, were made in China, with a significant portion produced by Western carmakers like Tesla and BMW. Additionally, Nio reported record-breaking deliveries of 20,544 vehicles in May 2024, marking its best sales month and a 10% gain in stock value. Li Auto delivered 35,020 cars in May, up 35.8% from April, while Xpeng delivered 10,146 vehicles, achieving a 35% year-on-year growth rate. The EU tariffs on Chinese EVs could cost Beijing nearly $4 billion in trade, and the U.S. has imposed a 100% tariff on Chinese-made EVs.
NEWS: Chinese pure play BEV maker NIO delivered 20,544 vehicles in May 2024, marking the company's all-time best sales month after slightly beating the record of 20,462 achieved in July 2023. On a trailing 12-months basis, NIO's vehicle sales reached an new high of 182,401… https://t.co/IgnXEB8l9r
In the January-May period, Nio delivered 38,790 SUVs, up 166.8 percent year-on-year, and 27,427 sedans, down 6.44 percent year-on-year. $NIO https://t.co/ydZVsUrZmv
NIO Inc. achieves new milestone with record-breaking May 2024 deliveries, demonstrating considerable growth in sales.
Nio's SUV models delivered 12,164 units in May, up 37.96 percent from 8,817 in April. Sedan models delivered 8,380, up 23.18 percent from 6,803 in April. $NIO https://t.co/XyN2IFXbJt https://t.co/ONtD9TmyOB
Nio delivers record 20,544 cars in May https://t.co/B3V1ojNj8j $NIO
NEWS: Chinese pure play EV maker Xpeng delivered 10,146 electric vehicles in May, implying a +35% year-on-year growth rate. Xpeng's 12-months sales rate reached an all-time high of 150,100 vehicles. Xpeng deliverd 10,146 vehicles (+35%) Xpeng's last twelve months sales reached… https://t.co/Ia15BdGzsZ
The X9 delivered 1,625 units in May, contributing 16 percent of Xpeng's monthly deliveries. $XPEV https://t.co/DOYLxXzMVD https://t.co/b1vWAeAx2F
Xpeng Motors delivered 10,146 vehicles in May, +35% y/y or +8% m/m. Jan-May delivered 41,360 vehicles, +26% y/y. $XPEV
Xpeng delivers 10,146 cars in May, up 8% from Apr https://t.co/8V84roca2z $XPEV
Nio showcases all models at Shenzhen auto show, says 4th-gen swap station to go live on Jun 13 https://t.co/VHBLU1gQ9b $NIO
Xiaomi EV delivers 8,630 units of SU7 in May https://t.co/gSUB03rtF5 $XIACY $XIACF
Li Auto delivered 35,020 vehicles in May, +23.8% y/y. The YTD delivery number comes to 141,207 units. $LI delivered over 15,000 units since April 24, setting a new record for the fastest delivery of a new vehicle model by Li Auto. https://t.co/fpct9vltwj
Li Auto delivers 35,020 cars in May, up 35.8% from Apr https://t.co/0e0fDbjdQi $LI
China’s 🇨🇳 auto export mega success is significantly driven by its EV sales 🚙🔋 https://t.co/zxNI9Zr6zR https://t.co/C56EZs4tB8
Washington’s latest round of tariffs include a whopping 100 percent tariff on electric vehicles, effectively shutting the U.S. market to Chinese-made EVs, columnist @AgatheDemarais writes. https://t.co/LlPnAGWUtc
CnEVPost Newsletter: Nio Power's 1st external financing; Nio May deliveries poised to be strong https://t.co/VQy3cGDHve
EU tariffs on Chinese electric vehicles would likely cost Beijing nearly $4 billion in trade with the bloc, according to a new analysis https://t.co/krv7YC8rvX
Nio delivers over 20,000 cars in May, mobile app poster hints https://t.co/CN7qKVHDEQ $NIO
Nio to start formal operations of 150-kWh ultra-long-range battery pack on Jun 1 https://t.co/rPWWInW0dZ $NIO
NIO Shares Jump on Potential Record Sales in May https://t.co/WViygx2K4l
EV stocks surge in HK ahead of May deliveries, Nio leads with 10% gain https://t.co/U9PsGupQrc $NIO $XPEV $LI
Around 20% of all-electric cars sold across the #EU in 2023, or 300,000 units, were made in #China. Over half of them come from Western carmakers, such as Tesla & BMW, which produce them in China for export, data from the European Federation for Transport and Environment showed. https://t.co/fZj1TaBCP9
The European Union faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, even as it aims to get more Europeans to drive such cars ahead of a ban on the sale of fossil fuel-powered cars. https://t.co/MpcXSEWQ4I
Sizzling! China's April 2024 Plug-in EV sales were up 30% compared to April 2023. YTD sales are up 32%! Plug-in autos were 44% of auto sales in April 2024. A total of 703,788 Plug-in autos were sold in just April, of which 59% were fully electric. https://t.co/pT7ohgbU8x https://t.co/v6xTTsfdAN