NIO, Xpeng (XPEV) and Li Auto releases September delivery update

Nio (NIO), Xpeng (XPEV) and Li Auto (LI) today released their September vehicle delivery update. All three companies passed guidance and expectations with their deliveries ending September 30.

NIO delivery update

Nio regained its title as the highest-producing China EV startup, at least for September. It delivered 10,628 EVs last month, up 126% vs. a year earlier. September’s total also was a big boost from 7,931 in July and just 5,880 in August, amid chip woes.

For all of Q3, Nio sold 24,439 electric vehicles, doubling year over year and beating its lowered Sept. 1 target of 22,500-23,500.

XPEV delivery update

Xpeng sold 10,412 EVs in September, up 199% vs. a year earlier and also up from August. Q3 deliveries reached 25,666, up 199% and easily beating Xpeng’s target of 21,500-22,500.

In September, Xpeng sold 7,512 P7 sedans.

Li Auto delivery update

Li Auto delivered 7,094 Li One SUVs in September, up 103% vs. a year earlier. But it was down sequentially from August due to the prolonged chip shortage. Q3 deliveries totaled 25,116, up 190% and beating its lowered Sept. 20 guidance for 24,500.

NIO starts the move out of China

Chinese EV startups aim to challenge Tesla on home turf and, increasingly, in Europe. Tesla dominates premium EV sales in China and Norway. At the same time, Nio and its peers face increasing competition from homegrown giants, such as BYD.

On Thursday, Nio started selling its ES8 electric SUV in Norway, challenging Tesla outside of China for the first time. Xpeng and BYD also are selling small numbers of EVs in Norway.

Nio recently launched its ES8 SUV in Norway and the first NIO House in Oslo. During this launch the company will offer two battery versions of the ES8, the 75kWh and 100 kWh with a third option of 150 kWh in 2023. Prices start at $70,000.

“NIO’s Service and Delivery Center in Oslo will open in October. With a floor space of 1,800 square meters, it offers services including vehicle delivery, maintenance and repair, mobile service fleet and car pick-up and delivery service. NIO will also provide worry-free service in the other four cities in Norway together with authorized service partners.”

Nio states that by the end of 2022 the company intends to install 20 power swap stations in Norway to cover the country’s five largest cities and their main roads.

“Today marks a significant moment in the history of NIO. Today the very first European users have the opportunity to experience what it means to be part of the NIO community. Norway is our starting point of our journey in Europe and beyond. Our vision is clear: to provide our users with seamless and worry-free services as well as supreme and joyful user experiences. We offer to be their friend and partner on their personal journey to a brighter and more sustainable future. From our NIO Houses, such as the first one in Oslo, through to our battery swap stations, our worry-free Battery-as-a-Service subscription models and our convenient online services, Being part of the NIO community will bring joy, friendship and meaningful interaction.”

Nio Europe CEO Alexander Schwarz