WM Motor, one of the most closely watched new car makers in China, has been questioned for lagging behind its peers this year as it stopped releasing sales figures. Now the company has finally broken its silence.
Shen Hui, founder, chairman and CEO of WM Motor, recently said that the company sold 4,007 vehicles in June, an increase of 97.6 percent year-over-year.
Its cumulative sales in the first half of the year were 15,665 units, up 103.8 percent year-over-year. It sold 10,116 units in the second quarter, up 105.6 percent year-over-year, according to Shen.
Of the June orders for its SUV model, the W6, 40 percent were for 200,000 ($30,872) or more, Shen said.
(Graphic by CnEVPost)
For comparison, the five first- and second-tier Chinese new car makers that have announced sales all saw year-over-year sales increases of more than 190 percent in the first half of the year.
Among them, Xpeng Motors, Neta Automobile and Leap Motor have sold more new cars in the first half of this year than in the whole of last year.
Nio delivered 8,083 units in June this year, up 116.1 percent year-over-year, which is Nio's highest sales volume in a single month.
Nio delivered a total of 41,956 new vehicles in the first half of the year, up 196.1 percent year-over-year and reaching 95.9 percent of the company's annual deliveries last year.
Li Auto sold 7,713 units in June this year, up 320.6 percent year-over-year. In the first half of this year, Li Auto delivered a total of 30,154 units of Li ONE, up 216.5 percent year-over-year.
Currently, Li ONE is the highest-selling model among the new car makers, and Li Auto has said that it expects to exceed 10,000 units per month by September this year.
Xpeng sold 6,665 units in June, up 617 percent year-over-year. Its cumulative sales for the first half of the year were 30,738 units, up 459 percent year-over-year, and already surpassed deliveries for all of 2020.
Xpeng delivered 17,398 units in the second quarter, the company's highest delivery level ever.
Leap Motor sold 3,941 units in June, up 893 percent year-over-year, for a cumulative total of 13,045 units in the first half of the year.
Neta sold 5,138 units in June, up 536 percent year-over-year, with cumulative sales of 21,104 units in the first half of the year, up 478 percent.
It is worth noting that Neta has sold more than 20,000 units in the first half of this year, surpassing WM Motor and jumping to fourth place among the new car makers.
Neta mainly focuses on low-end products, although there is still a gap in scale and brand influence compared with Nio, Li Auto, and Xpeng, but the continued high growth in deliveries so far this year.
WM Motor, once seen as one of the most promising EV makers in China, lags behind its local peers
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