Nio and Xpeng have sluggish sales and face challenges. The delivery of new models may improve the situation.

News on June 2, according to data released by various new energy vehicle companies, China’s new energy vehicle market continued to heat up in May, with sales of many car companies hitting record highs. BYD continues to lead the market with more than 240,000 vehicles delivered, performing well.

According to the editor’s understanding, among the new power car companies, Li Auto has maintained a strong momentum, delivering more than 28,000 new cars, once again setting a single-month sales record, and delivering more than 20,000 cars for three consecutive months. volume, showing a trend of rapid growth. The delivery volume of Nezha Auto and Leapmotor has also exceeded 10,000 units, ranking high in the new force camp, second only to Li Auto. NIO's sales performance in the past two months has been relatively sluggish and it faces some challenges.

BYD and GAC Aian, two traditional car companies, also set new sales records. BYD's sales in May reached 240,000 vehicles, a year-on-year increase of 97.63%. The sales performance of GAC Aian is remarkable, with its sales increasing by 114% year-on-year to 45,000 vehicles.

Specific to different models, the monthly sales of BYD's Qin family, Yuan family, Song family and Dolphin models have all exceeded 30,000 units, and the sales of other models have also exceeded 10,000 units. In addition, Seagull, as a model that has just been launched, successfully delivered 14,300 units in its first full sales month, and there is still more room for development in the future. The sales volume of the D9 model of the Denza brand also hit a new high again, reaching 11,005 units.

Among new power car companies, Li Auto’s sales have continued to grow, with sales exceeding 20,000 vehicles for three consecutive months. The Lili L7 model has achieved outstanding performance in the field of large five-seat SUVs. The sales performance of NIO and Xpeng were relatively sluggish. NIO delivered 6,155 new cars in May and Xpeng delivered 7,506 new cars. However, the sales growth of Nezha Auto and Leapmotor has been strong, with both exceeding 10,000 units.

12,058 new cars were delivered in May this year, an increase compared to previous months. In addition, NIO's sales have declined in the past two months mainly because the switch between new and old models has not yet been completed. However, with the successive delivery of the new ES6, sales are expected to increase in the second half of the year. Xpeng Motors' sales are relatively stable, with shipments of the P7i model increasing significantly. At the same time, people are also looking forward to the upcoming Xpeng G6 model.

#China’s new energy vehicle market maintained a growth trend in May, with sales of many car companies reaching record highs. Among new power car companies, Li Auto continues to lead the way. Sales of NIO and Xpeng have declined, while sales of Nezha Auto and Leapmotor have grown strongly. Traditional car companies BYD and GAC Aian have also achieved impressive results. China's new energy vehicle market is expected to continue to thrive as new energy technologies continue to advance and market demand grows.

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