Chinese NEV makers shatter records with July deliveries

BEIJING, 8th August, 2023 (WAM) — This year witnessed a surge in deliveries from many Chinese new-energy vehicle (NEV) manufacturers, particularly from emerging contenders. Analysts predict that the demand will escalate in the subsequent months, driven by a series of supportive government initiatives, according to Global Times.

Chinese NEV makers’ sales to dealers totalled 750,000 in July, up 34 percent year-on-year, the China Passenger Car Association (CPCA) revealed on Thursday. BYD sold 261,105 NEVs in the month, ranking first, followed by Tesla’s 64,285, GAC Group’s new-energy brand Aion’s 45,025 and Geely’s 41,014, the CPCA data showed.

Besides the traditional giants, emerging players continued to show strong momentum, with Li Auto leading the pack by delivering a record-high 34,134 vehicles to consumers in July, up 227.5 percent on a yearly basis, the maker disclosed on Tuesday. NIO ranked second, delivering 20,462 vehicles in the month, up 103.6 percent. NIO’s monthly deliveries exceeded 20,000 for the first time, according to data released by the company.

XPENG Motors delivered 11,000 cars, continuing its growth for a sixth consecutive month.