Deliveries

Xpeng would need to deliver 4,667-5,167 vehicles in June to meet its previous guidance, which doesn't seem difficult for the company given that it delivered 10,833 vehicles cumulatively in April and May.

Li Auto said it is confident that Q2 deliveries will exceed the upper end of its guidance.

Neta Automobile said Tuesday it sold 4,508 units in May, up 551 percent from a year ago, bringing its cumulative sales from January to May to 15,966 units.

Leapmotor delivered 3,195 units in May, up 1,226 percent from a year ago and 15 percent from April.

Xpeng delivered 3,797 units of the P7 sedan in May, the highest monthly delivery record since the mass delivery in July 2020.

Nio delivered 6,711 vehicles in May, up 95.3 percent from a year ago, but down 5.5 percent from April.

A figure last week showed Tesla China sales fell 27 percent in April from March, but its exports hit a record high, sparking confusion about whether sales included exports. Now that confusion has finally been resolved.

There is still an average waiting time of 3.5 months for the delivery of additional orders, and BYD apologized for the inconvenience this has caused to customers.

Nio is actively reinforcing its business through infrastructure-related collaborations.

Nio was the top-selling brand in China's all-electric SUV market in April with a 23 percent market share, higher than Tesla's 17 percent, WM Motor and Xpeng Motors' 7 percent.