XPeng delivers 33,525 Smart EVs in May
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15 hours ago
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BYD Just Blinked -- China's EV Throne Now Up for Grabs
BYD Co. (BYDDF), the world's largest EV seller, just hit a speed bump. July deliveries came in at 344,296 unitsbasically flat from a year ago and down 10% month-on-monthmarking the company's first monthly decline of 2025. While summer slowdowns aren't new in China's auto market, the timing couldn't be worse. With only 2.49 million vehicles sold year-to-date, BYD now needs to average 602,000 units per month to hit its 5.5 million goal. That's a steep climb, especially considering its all-time monthly high is still under 515,000. To make matters tougher, Beijing is cracking down on discount-driven price wars, tightening the screws on the entire sector. Warning! GuruFocus has detected 1 Warning Sign with NVO. Meanwhile, the competition is heating up fast. Geely just posted its strongest month since last November with 237,717 units. Xpeng and Leapmotor both notched record-breaking deliveries36,717 and 50,129 vehicles, respectivelywhile Xiaomi broke through the 30,000-unit mark for the first time. Even Nio, despite logging its weakest month since March, saw its stock jump 8.6% after the launch of its aggressively priced Onvo L90, which some analysts view as a strong product-market fit. Li Auto, on the other hand, took a hitdown 40% year-on-year to just over 30,000 units. Zooming out, retail passenger vehicle sales in China were estimated to grow 7.6% year-over-year in July but fell 11% versus June, reflecting broader seasonal softness. Still, the narrative around BYD could be shifting. It's not just about volume anymoreit's about defending market share in a field that's suddenly full of fast-moving challengers. With delivery targets slipping out of reach and new rivals scaling up at speed, the race for EV dominance in China is looking a lot more competitive. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Yahoo
BYD Just Blinked -- China's EV Throne Now Up for Grabs
BYD Co. (BYDDF), the world's largest EV seller, just hit a speed bump. July deliveries came in at 344,296 unitsbasically flat from a year ago and down 10% month-on-monthmarking the company's first monthly decline of 2025. While summer slowdowns aren't new in China's auto market, the timing couldn't be worse. With only 2.49 million vehicles sold year-to-date, BYD now needs to average 602,000 units per month to hit its 5.5 million goal. That's a steep climb, especially considering its all-time monthly high is still under 515,000. To make matters tougher, Beijing is cracking down on discount-driven price wars, tightening the screws on the entire sector. Warning! GuruFocus has detected 1 Warning Sign with NVO. Meanwhile, the competition is heating up fast. Geely just posted its strongest month since last November with 237,717 units. Xpeng and Leapmotor both notched record-breaking deliveries36,717 and 50,129 vehicles, respectivelywhile Xiaomi broke through the 30,000-unit mark for the first time. Even Nio, despite logging its weakest month since March, saw its stock jump 8.6% after the launch of its aggressively priced Onvo L90, which some analysts view as a strong product-market fit. Li Auto, on the other hand, took a hitdown 40% year-on-year to just over 30,000 units. Zooming out, retail passenger vehicle sales in China were estimated to grow 7.6% year-over-year in July but fell 11% versus June, reflecting broader seasonal softness. Still, the narrative around BYD could be shifting. It's not just about volume anymoreit's about defending market share in a field that's suddenly full of fast-moving challengers. With delivery targets slipping out of reach and new rivals scaling up at speed, the race for EV dominance in China is looking a lot more competitive. This article first appeared on GuruFocus.
Yahoo
a day ago
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EV startup Xpeng opens 1st overseas plant in Indonesia
SHANGHAI – Xpeng, a major Chinese electric vehicle startup keen to expand globally, has launched its first overseas assembly plant in Indonesia, the most populous country in Southeast Asia. The first model rolling off the production line at the factory in Purwakarta, West Jawa, is the X9, a seven-seat battery electric multipurpose vehicle, Xpeng said July 24. Switch Auto Insurance and Save Today! The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The right-hand-drive vehicle, assembled with knocked-down kits imported from China, features a smart cockpit, an intelligent driving system and standard rear-wheel steering. It will be sold in the local market with a starting price of 990 million Indonesian Rupiahs ($60,342), XPeng said. XPeng was incorporated in the south China city of Guangzhou in 2014. In 2023, Volkswagen Group acquired a 4.99 percent stake in the company with a goal to jointly develop intelligent EVs. Xpeng started exporting vehicles to Norway, its first overseas market. As of June 2025, it had shipped vehicles to more than 40 countries outside China. The company's main export markets are Europe and Southeast Asia. Backed by an expanded product mix and fast-growing exports, Xpeng delivered 197,189 vehicles globally in the first half of this year, surging 244 percent from a year earlier, according to numbers it disclosed July 12. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
