However, NEV companies, including these three, are generally facing a supply shortage and already have enough orders on hand for deliveries in the coming months. Li Auto, which has previously been excluded from China's state subsidies because its models cost more than RMB 300,000 and do not support battery swap like NIO, is neutral to the withdrawal. It is also worth noting that starting in January, China's purchase subsidies for new energy vehicles (NEVs) were reduced by 30 percent compared to 2020, and both NIO and XPeng consumers are starting to face higher costs for buying their vehicles. This year's Chinese New Year holiday is from January 31 to February 6. Here is a breakdown of the different models for these three companiesĪll three companies saw a decline in deliveries in January compared to December, likely due to vehicle deliveries being delayed by the Chinese New Year holiday and the week before, which is the peak travel time for the Chinese population. This was higher than NIO's 9,652 vehicles and Li Auto's 12,268 vehicles. XPeng delivered 12,922 vehicles in January, the fifth consecutive month above 10,000. Of the three, XPeng's models are less expensive and target a larger market space, and it continues to lead in deliveries for the past several months. We hope this article gives you a quick idea of the dynamics, but note that they target different markets and have different pricing, so these comparisons can only help you understand the overall picture. NIO and its local counterparts XPeng Motors and Li Auto have both released their January delivery figures today, and many readers are curious how they compare. Over the past four months, XPeng, which always has the lowest average price, has seen the highest deliveries, and NIO, which has the highest price, has the lowest deliveries. Update: Added comparison of NIO's capacity with XPeng and Li Auto.
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