Home » Business » New Energy Car Sales and Delivery Report Cards for July: BYD, Ideal, NIO, and Xiaopeng Motors Lead the Way

New Energy Car Sales and Delivery Report Cards for July: BYD, Ideal, NIO, and Xiaopeng Motors Lead the Way

On August 1, a number of new energy car companies announced the sales and delivery report cards for July, once again highlighting the trend of competition in the auto market.

Compared with June, the sales of most new energy car companies have increased. Among them, BYD sold 262,200 vehicles in July, an increase of 61.30% year-on-year; Ideal Automobile continued to maintain a single-month delivery record of 30,000 vehicles, reaching 34,100 vehicles in July, an increase of 227.5% year-on-year.

In addition, under the boost of the new car ET5 travel version and G6, the monthly deliveries of NIO and Xpeng Motors, whose sales were slightly sluggish in the early stage, both rebounded. Among them, the recovery in the delivery volume of Weilai Automobile was more obvious. In July, 20,500 new cars were delivered, a year-on-year increase of 103.6%.

It is worth mentioning that the new energy vehicle brands built by traditional car companies achieved explosive growth in July. Among them, GAC Aian sold 45,000 vehicles in July, an increase of 80% year-on-year, and Jikrypton delivered 12,000 vehicles in July, an increase of 139.7% year-on-year.

Industry insiders judge that the accelerated transformation of traditional car companies to electrification will not only further disrupt market competition, but also pose challenges to new forces. Traditional car companies often have deep accumulations in R&D, manufacturing, and system capabilities. Once they fully invest in the layout of electrification transformation, they will have a certain impact on new forces.

BYD and Aion have good momentum

In July, the sales or deliveries of many new energy vehicle companies reached new highs. Among them, BYD sold 262,200 new energy vehicles in July, and its cumulative sales this year were 1.5178 million, a year-on-year increase of 88.81%. In July, a total of 18,169 new energy passenger vehicles were sold overseas.

GAC Aian’s July sales also maintained a relatively high growth rate, reaching 45,025 units, an increase of 80% year-on-year; the cumulative sales from January to July were 254,361 units, an increase of 103% year-on-year. It is reported that GAC Aion launched two new models in July, including Hyper GT, the first mass-produced model of the Haobo brand, and AION Y Younger Xingyao version.

Previously, Gu Huinan, general manager of GAC Aian, revealed in an interview with a reporter from Securities Times·e Company that the sales target of Aian in 2023 is to keep 500,000 vehicles and challenge 600,000 vehicles. This means that as of July this year, Aian has completed 50.86% of the established sales target.

Ideal delivery volume breaks 30,000 again

The delivery volume of Ideal Automobile in July continued the momentum of June. According to data, in July, Ideal Automobile delivered a total of 34,134 new cars, a year-on-year increase of 227.5%. The delivery volume has exceeded 30,000 for two consecutive months. So far, the cumulative delivery volume of Li Auto in 2023 has reached 173,251.

Li Xiang, chairman and CEO of Ideal Auto, revealed that, as the luxury car brand of choice for families, Ideal Auto completed the delivery of its 400,000th vehicle to users in July, becoming the first domestic new power car company to achieve this achievement.

Weilai and Xiaopeng Motors, which were affected by product switching in the early stage, gradually recovered in July.

Among them, NIO delivered a total of 20,462 new cars in July, a year-on-year increase of 103.6% and a month-on-month increase of 91.1%, hitting a record high. Among them, the delivery of the new ES6 exceeded 10,000 units, setting a monthly delivery record for a single NIO model. From January to July this year, NIO delivered a total of 75,023 new cars. As of now, NIO has delivered a total of 364,579 new cars. According to industry analysts, in addition to the ES6, the launch of the NIO ET5 travel version has also brought a certain amount of sales to NIO.

Recently, Weilai is accelerating the construction of its own power exchange system. As of July 30, the total number of NIO battery swapping stations across the country has exceeded 1,600, reaching 1,609, including 440 expressway swapping stations.

The delivery volume of Xiaopeng Motors has also picked up. According to insiders of Xiaopeng Motors, the hot sales of the G6 have led to a surge in the number of customers entering Xiaopeng’s stores, which has further raised consumers’ attention to other models under Xiaopeng and the advanced intelligent technologies equipped with them. Data show that in July, Xiaopeng Motors delivered a total of 11,008 new cars, a month-on-month increase of 28%, achieving positive growth for six consecutive months, and re-entering the delivery mileage of 10,000 vehicles. However, compared with the same period last year, Xiaopeng Motors’ cumulative monthly and annual sales have declined.

The above-mentioned person said that at present, Xiaopeng Motors is actively increasing the supply capacity of the G6, the factory has started a full-load production mode, and increased special logistics to ensure the speed of vehicles arriving at the store, so as to increase the delivery speed of the G6.

Apart from “Wei Xiaoli”, the rankings of other new brands and new forces change frequently.

In July, Leap Motor delivered 14,000 vehicles in a single month, a year-on-year increase of 19%; Jikr Auto delivered 12,000 vehicles, a year-on-year increase of 140%. However, Nezha Automobile, which had a significant sales growth rate in the early stage, lagged behind slightly. In July, it delivered 10,000 vehicles, a year-on-year increase of 28%, and the cumulative annual sales volume declined year-on-year. The sales volume of Cyrus new energy vehicles in July was only 6,934, a year-on-year decrease of 48%; from January to July, the sales volume of Cyrus new energy vehicles was 51,700 units, a year-on-year decrease of 12%.

Rapid growth of new energy vehicles

Recently, the National Bureau of Statistics and other relevant departments disclosed the report card of my country’s auto industry in the first half of the year.

The data shows that in the first half of 2023, the automobile industry will achieve operating income of 4,493.13 billion yuan, a year-on-year increase of 13.1%, and a total profit of 217.63 billion yuan, an increase of 10.1%. The operating profit margin has been rising month by month, reaching 5.5% in the first half of the year, 0.7 and 36.2 percentage points higher than the previous May and the first quarter, respectively.

In the first half of the year, the output of new energy vehicles was 3.788 million, a year-on-year increase of 42.4%. The rapid growth in the production of new energy vehicles has led to a 10.1% increase in the profits of the auto industry. In addition, the development momentum of new energy vehicles is good, which has also effectively driven the rapid growth of related products. The output of lithium-ion power batteries, charging piles and other products increased by 46.4% and 53.1% respectively year-on-year.

In addition, the popularity of new energy vehicles is also inseparable from policy support. According to the data released by the State Administration of Taxation recently, from September 2014 to June 2023, the state will exempt more than 260 billion yuan of new energy vehicle purchase tax, of which the first half of 2023 will reach 49.17 billion yuan, a year-on-year increase of 44%.

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The off-season is not short, and the new high frequency of history is out!The performance of new energy car companies in July is hot

(Article source: Securities Times)

Article source: Securities Times

Original title: Roll to heaven!The report card of new energy vehicles in July is released: BYD sells 262,200 vehicles per month, ideally breaks another 30,000, NIO and Xiaopeng regain their vitality

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2023-08-01 14:41:25
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