NIO's Delivery Numbers Were Great. But XPeng Won the Day. [MarketWatch]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
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Source: MarketWatch
and overall demand for EVs in China, the world's market for new cars and for EVs. November deliveries come right after the three U.S.-listed Chinese EV makers reported earnings , which included fourth-quarter guidance for vehicle deliveries. That means investors had an idea what to expect for deliveries. The results, posted Wednesday, didn't disappoint and the stocks were all moving higher. NIO For NIO (ticker: NIO), the results represent a relief. NIO reported November vehicle deliveries of 10,878 . It's a strong bounce back from October's result. NIO delivered just 3,667 vehicles in October. The company said it took plant downtime to retool its operations. And in its third-quarter earnings release this past month, NIO management said it expected the company would deliver about 24,500 in the fourth quarter. That implies November and December deliveries of about 20,800 vehicles, which works out to about 10,400 each month. November was good enough. It was also a new record. N
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News
- XPENG to Showcase AI-powered Smart EV innovations at Beijing Auto Show 2024GlobeNewswire
- XPENG Publishes 2023 Environmental, Social and Governance ReportGlobeNewswire
- XPENG Files 2023 Annual Report on Form 20-FGlobeNewswire
- XPENG and the Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical Collaboration [Yahoo! Finance]Yahoo! Finance
- XPENG and the Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical CollaborationGlobeNewswire
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- 4/17/24 - Form 6-K
- XPEV's page on the SEC website