China EV Stocks: Xpeng, Li Auto More Than Double January Deliveries, Outselling Nio Again

Feb 01, 2022

China EV Stocks: Xpeng, Li Auto More Than Double January Deliveries, Outselling Nio Again

Xpeng Motors and Li Auto outperformed Nio once again in January, while both reported healthy China EV sales after a 2021 boom. The stocks of Li Auto, Nio, and Xpeng all surged on Tuesday, after the rise of all three China EV competitors to Tesla on Monday.

Xpeng and Li Auto more than quadrupled January sales compared to the previous year, while Nio increased sales by roughly 34%. They all witnessed reduced sales compared to December. Nio, dubbed the "Tesla of China," suffered supply problems last year owing to worldwide semiconductor shortages, even closing down plants briefly. It issued a warning in November that supply instability would persist.

China reduced EV subsidies by 30% beginning in January, with the benefits slated to phase out altogether by 2022. Car sales in January may possibly have been slowed by the Chinese New Year vacation, which runs from January 31 to February 6, as well as the week prior, which is a busy travel period for the nation.

BYD, China's largest EV manufacturer, will publish earnings later this week. Although Tesla does not share monthly or regional stats, industry reports will show Tesla China numbers the following week.

China's EV sales are surging

Xpeng delivered 12,922 EVs in January, increasing 115% from the previous year but lower from 16,000 in December. In January, Li Auto sold 12,268 Li One hybrid SUVs, a 128% increase over the previous year but a decrease from 14,087 in December. Nio delivered 9,652 EVs, a 33.6% increase over the previous year but a decrease from 10,489 in December.

XPeng announced a technological update at its Zhaoqing factory as part of a planned manufacturing stoppage over the Chinese New Year period. Nio modernized its manufacturing line in October, and car sales plummeted dramatically that month.

According to the China Passenger Car Association, EV sales in China increased by 169% to a historical 2.99 million cars in 2021, accounting for 14.8% of new car sales. According to the South China Morning Post, China's electric vehicle adoption rate is on course to hit 20% this year, way before the government's 2025 estimate.

Despite manufacturing closures caused by worldwide semiconductor shortages, Nio more than quadrupled EV sales in 2021. Meanwhile, Li Auto almost quadrupled its sales for the whole year of 2021. Xpeng and Warren Buffett-backed BYD increased 2021 EV and NEV sales by more than thrice. Fully electric, plug-in hybrid, and fuel-cell cars are examples of NEVs.

Chinese EV Stocks, Nio Stock

Nio stocks rose 1.35% to 24.84 on Tuesday. On Monday, Nio's shares increased by 17%. Nio said that day the completion of a buyback rights offer connected to senior convertible notes due 2024. Nio fell 24% last week, bringing the once-hot EV stock to its lowest point since September of the previous year and lower below its 50-day and 200-day moving averages.

Xpeng rose 3.7% to 36.40 on Tuesday. The shares of XPEV have recovered 9.1%. After a 16% drop the week before, the stock fell below the 200-day moving average on Monday.

After rising 8.8% on Monday, Li Auto's shares rose 4.6% to 27.29. Li shares fell 14% in the previous week.

BYD shares gained 0.6% to Monday's 5% gain, which came after a 13% drop the previous week.

According to MarketSmith chart analytics, the relative strength lines for Chinese EV companies demonstrate substantial lag, especially compared to the overall poor market. The Evergrande property group problem in China, delisting worries, and a significant sell-off in growth companies in the United States are all weighing on that critical strength indicator.

Chinese EV entrepreneurs want to compete with Tesla both at home and, potentially, in Europe. Tesla is the leading company in premium EV sales in each of these key global automobile markets.

Tesla's shares fell 0.6% on Tuesday. Tesla gained over 11% on Monday after falling 10% the previous week, bouncing off the 200-day/40-week lines.

Subscribe Our Newsletter

Tech Stocks Haven’t Been This Oversold Since 2015, Leading Analyst
Tech Stocks Haven’t Been This Oversold Since 2015, Leading Analyst Says

Shares fell further on Wednesday as minutes from the latest Federal Open Market Committee meeting revealed the Fed's intention to shrink its balance sheet by approximately $95 billion monthly.

Stocks
Analysts Point to India As a Source of Revenue for Apple. Apple Stock Forecast 2023 Is Pretty Positive.

Milena

Analysts Point to India As a Source of Revenue for Apple. Apple Stock Forecast 2023 Is Pretty Positive.

Morgan Stanley believes that over the next decade, India would add more than 170 million additional customers to Apple's ecosystem.The Apple stock forecast 2023 is very encouraging.

Companies
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Alexander

The Dollar Milkshake Theory: Could the US Dollar Become Even Stronger?
The Dollar Milkshake Theory is receiving a great deal of attention in the financial world due to its unique perspective on the US dollar's future.

discover
How Liquidity Provider Tokens Work

Liquidity Provider

How Liquidity Provider Tokens Work

Numerous DeFi protocols make use of LP tokens, which are used to swap money for ownership of a pool that represents the proportion of a crypto liquidity provider in the pool.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.