To The Moon

According to the sales of new energy cars in April, Nio has under-performed once again.    $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$

According to the statistics, Nio sold 6,658 units per month, up 31.2% year-over-year. Although the numbers are not too bad, the sales in April were at the lowest point because of pandemic control and prevention in Shanghai.

Therefore, Nio’s sales fell 35.8% in April compared to last month:

As the earliest emerging car manufacturer to go public, Nio had enjoyed the decent scores ,while Nio's sales have under-performed for many times since 2022. 

Last year, Nio could take the excuse of pandemic disruptions which led to the under-performance of sales; however,Nio blames its sluggish sales on model upgrades.

Well, the reasons are agreeable. However, Nio’s numbers never surpassed the Li’s.

The Li’s L7, for example, reached 10,000 units in its first full month of delivery; while Nio, which keeps launching new models, is hard to say which one has performed as well as the L7.  $Li Auto(LI)$

In terms of total sales, Li's sales reached record 25,681 units in April.

Xpeng, one of the emerging car manufactures, was the first to fall out of list in terms of sales; however, surprisingly, Li’s 7,079 units were delivered in April, which surpassed Nio. $XPeng Inc.(XPEV)$

At present, Xpeng's sales have bottomed out. However, it is clear that the new model G9 is still not booming. Currently, Xpeng has placed its bets on the new model G6, which has just been released and will be delivered at the end of the second quarter. If it still flops, the blow to investors will be fatal.

After talking about the emerging manufactures of cars, we turn to BYD with sales of 210,295 units in April, which is an increase of 98.3% year-on-year. $Byd Company Limited(002594)$

Although the single BYD surpassed other emerging manufactures, however, from the ring, BYD monthly sales stayed at about 200,000, which has failed to hit a new record for four consecutive months. To the second half of the year, if it still can not break through, BYD's growth rate will also slow down significantly

With the support from Huawei, Seres Group did not announce monthly sales in April in regulated way. However, from the sales data of the previous months, it’s not optimistic. $Seres Group Co.,Ltd.(601127)$

Leap Motor, listed in Hong Kong, sold 8,726 units in April, down 4% year-on-year, which is a significant narrowing of the decline from the previous month; however, it still has a large gap from the pre-IPO sales. $ZHEJIANG LEAPMOTOR TECHNOLOGY CO., LTD.(09863)$

Zeeker sold 8,101 units in April, which has better momentum than sales in the previous months.

Hozon, which didn’t go public, sold 11,080 units in April, up 25.7% year-over-year, mainly due to lower sales last year under the disruptions of pandemic. Compared to the end of last year, Hozon's sales are still sluggish, highlighting the hanging greater impact on companies of new energy car after the withdrawal of new energy subsidies.

GAC Group sold 41,012 units in April, continuing to reach a record high! $GAC GROUP(02238)$

GAC Group and Li Motor set the example for companies of new energy car: promising companies should be a new high month after month, rather than models continue to release without the rise of sales!