XPeng & NIO See Similar Sales Growth In 2022, Flip-Flopped Q4 Trends
Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles.
NIO and XPeng are two of the young Chinese automakers that specialize in smart, high-tech EV development and sales. They don’t mess with plugin hybrids. They don’t mess with “dumb cars.” They lead in tech innovation and cutting-edge deployment of new smart features, battery swapping, fast charging, and other matters. They’ve also followed similar growth paths, so it’s interesting to view them together and compare their results.
Just looking at full year-over-year growth, XPeng and NIO had quite similar results going from 2021 to 2022. Their charts look almost identical. Though, you can see that NIO went from a lower total in 2021 to a slightly higher total than XPeng in 2022. That’s a sign of a difference we’ll see highlighted much more in a moment.
You can take those same numbers and flip the charts to be paired by year rather than by brand. That’s what we’ve done here:
| Sales | 2021 | 2022 |
| XPeng | 98,155 | 120,757 |
| NIO | 91,429 | 122,486 |
The 4th quarter is where we see a real divergence in trends between these two automakers. XPeng collapsed year over year in the 4th quarter while NIO sales grew strongly.
What will 2023 bring? We’ll see! One thing is for sure, though: XPeng will want to turn things around. Its 4th quarter 2022 results were going far in the wrong direction.
| Sales | Q4 2021 | Q4 2022 |
| XPeng | 41,751 | 22,204 |
| NIO | 25,034 | 40,052 |
Related story: BYD Hits Nearly 1 Million BEV Sales In 2022
Sign up for CleanTechnica's Weekly Substack for Zach and Scott's in-depth analyses and high level summaries, sign up for our daily newsletter, and follow us on Google News!
Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Sign up for our daily newsletter for 15 new cleantech stories a day. Or sign up for our weekly one on top stories of the week if daily is too frequent.
CleanTechnica uses affiliate links. See our policy here.
CleanTechnica's Comment Policy
