Of the top five new energy vehicle (NEV) start-ups in China, the top four companies in terms of monthly deliveries all saw a significant year-on-year increase in deliveries in October 2022. The number of deliveries last month was the lowest.
Compared to the previous month, HOZON Auto’s October shipments remained flat, while NIO, Li Auto, Leapmotor and XPeng all decreased.
In the first 10 months of 2022, the top five Chinese NEV startups all achieved year-to-year leaps in shipments year-to-date. HOZON Auto also showed him from January to October. Shipments surged at triple-digit rates year-over-year, with all three of his other achieving double-digit year-over-year increases.
As of October 2022, HOZON Auto has ranked first among Chinese NEV startups for monthly deliveries for four consecutive months. The company said its monthly shipments hit a new record of 18,016 units in October, marking the sixth straight month of monthly growth.
According to HOZON Auto, October deliveries consisted of 6,295 NETA Us and 11,721 NETA V.
Deliveries of HOZON Auto’s third production model, the NETA S, will begin in November to further boost the company’s sales.
Last month, HOZON Auto announced a significant partnership with NVIDIA. This gives automakers his NVIDIA DRIVE Orin in-vehicle computing platform. In addition, HOZON Auto will explore the introduction of his NVIDIA DRIVE™ Thor, NVIDIA’s next-generation centralized computer for safe and secure self-driving vehicles, increasing the intelligence level of AI-enabled vehicles.
In October, NIO emerged as runner-up among China’s NEV startups, despite a single-digit decline over a month ago. As of the end of October 2022, NIO’s monthly shipments have exceeded 10,000 units for his fifth consecutive month.
The three NIO branded models, ES7, ET7 and ET5, which started shipping this year, recorded shipments of 2,814, 3,050 and 1,030 units respectively in October.
In terms of year-to-date performance, NIO still shipped fewer vehicles than the other four NEV startups.
Li Automobile boasted a 31.4% year-on-year increase in October deliveries. The company has not disclosed the breakdown of specific model sales, but it is speculated that the Li L9 contributed significantly to the increase in sales of his Li Auto.
Yanan Shen, co-founder and president of Li Auto, said, “Orders for Li L9 continue to be strong, and user satisfaction continues to exceed expectations, further solidifying our market position in the RMB 400,000+ segment. I made it,” he commented.
On September 30, Li Auto launched two new models: the Li L8, a 6-seat SUV, and the Li L7, a 5-seat SUV. Both come with Pro and Max versions.
“Since its launch, the Li L8 has received positive user feedback and widespread acclaim, making a strong start and continuing to increase orders,” added Shen.
Test drives of the Li L8 will begin on November 5, Li Auto said Tuesday.
By the end of October 2022, Li Auto will have 274 retail outlets in 119 cities, 317 service centers and Li Auto authorized body and paint shops in 226 cities.
Leapmotor’s October shipments were up 92.3% year-over-year and down 36.4% month-over-month. That January to October. Shipments increased he 218.8% over the same period last year.
Leapmotor officially launched its flagship model, the C01, on September 28th. The company said the initial ramp-up of capacity for the C01 will have a near-term impact on the pace of overall vehicle deliveries.
Additionally, Leapmotor has revealed that the REEV (Range Extended Electric Vehicle) version of the C11 will debut soon.
XPeng posted a double-digit decline in October shipments both year-over-year and month-over-month. Nevertheless, in his first ten months he delivered over 100,000 vehicles, only surpassing HOZON Auto.
Mass shipments of XPeng’s fourth production model, the G9, began on October 27, reaching customers in over 100 cities across China.
XPENG Chairman and CEO He Xiaopeng said: “We expect the P7 and G9, built on Edward’s platform, to represent a larger percentage of total shipments in the coming months.”