Nio and Xpeng April Delivery Far from Tesla, Li Auto and BYD
$NIO Inc(NIO.US$ $XPeng(XPEV.US$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ The article reported Chinese EV and Tesla China delivery in April 2024. Here is the summary:
Li Auto: Li Auto delivered 25,787 vehicles in April, down 11%.
Nio: Delivered 15,620 vehicles in April, up 31.6% vs. March.
Xpeng: Delivered 9,393 EVs in April, up 4.1% vs. March.
BYD: Sales totaled 313,245 in April, up 3.6% from March. Passenger BEV sales were 134,465, down 3.9% vs. March.
Tesla China: Has about 28,100 insurance registrations as of April 28. Tesla doesn't released monthly delivery figure in US and EU - next quarterly delivery will be announced in May.
My Take: According to Forbes, Nio's April rapid delivery is not sustainable. You can read the article here:
Nio Stock Soars On Surge In Deliveries but April growth is not sustainable
Nio Stock Soars On Surge In Deliveries but April growth is not sustainable
Monthly delivery is not a good reflection of sales performance - short timeframe. A better benchmark is quarterly data which also reports earnings. It is also meaningless to compare Chinese EV with Tesla for 2 reasons: First Tesla in other regions (US, EU, Canada etc) only reports quarterly delivery. Chinese EV delivery is predominantly in China. The comparison is unfair. Second Tesla only produced BEV or pure EV. Chinese EV include PHEV in their sales figure and hence the comparison is not consistent (like comparing apple to orange). Some analysts consider PHEV as internal combustion engine or ICE because it's powered by gasoline.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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IhhK : BS!
Buying Tesla Puts and NIO calls
ZnWCOP : The reason EV stock rebound is complex. You can read this article why Nio, Rivian and Lucid rallied:
Why Are EV Stocks LCID, RIVN, NIO Up Today?
https://investorplace.com/2024/04/why-are-ev-stocks-lcid-rivn-nio-up-today/
ZnWCOP IhhK: According to Forbes, Nio's April rapid delivery is not sustainable. The article gives 3 reasons why:
Nio Stock Soars On Surge In Deliveries but April growth is not sustainable
IhhK ZnWCOP: You invest based on what Forbes tell you! What a joke! 小红书 is a better gauge
ZnWCOP IhhK: I take all views seriously including opposing views. I hope you can respect opposing views- this is not a joke.
The reason EV stock rebound is complex. You can read this article why Nio, Rivian and Lucid rallied:
Why Are EV Stocks LCID, RIVN, NIO Up Today?
https://investorplace.com/2024/04/why-are-ev-stocks-lcid-rivn-nio-up-today/