Who is winning in the young Chinese smart EV startup competition? It’s complicated. The funny thing is how similar NIO’s and XPeng’s growth charts look. Of course, there are clear differences too, but overall, their sales charts over the past four years look like close cousins. Starting with the yearly … [continued]
NIO had another strong year, with sales rising by 30.7% throughout the full year. The Chinese EV startup ended with 160,038 sales, up from 122,486 in 2022. These are impressive results in absolute, general terms, but they are extra impressive when you consider how hyper-competitive the Chinese EV market is, … [continued]
NIO continues to grow in China. It may not be anywhere close to the sales of EV giants BYD and Tesla, but it’s growing. Its November sales were up 12.6%, and its sales throughout the first 11 months of the year were up 33.1%. In volume terms, NIO had 15,959 … [continued]
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. … [continued]
NIO Sales Rise 27%, But Limited By Supply Chain Shortages
Chinese smart electric vehicle startups XPeng and NIO certainly have their differences — plenty of them — but they’ve also followed almost parallel paths with regards to their production and sales ramp-ups. Also, they both joined the US stock market, which has made them particularly interesting to many people outside … [continued]
