EV Delivery : $NIO vs $XPEV vs $LI 27 Feb - 05 Mar. 20% Met ! 80% To Go !
Going into the last month of Q1 2023.
This will be a “crucial” month for NIO. This is because during Q4 2022 Earnings press conference, CEO William Li had spoken confidently that NIO should be able to deliver between 31,000 & 33,000 EVs in Q1 2023.
Laying the foundation for NIO’s 2023 deliveries and casting in stone his words to boost both analysts’ and investors’ confidence..
Heading into 1st week of Mar 2023 - weekly review of the shortlisted EVs - $BYD Co., Ltd.(BYDDF)$ ,
$Tesla Motors(TSLA)$ ,$NIO Inc.(NIO)$ , $Li Auto(LI)$ and $XPeng Inc.(XPEV)$ (in no particular order).
How Did Each EV Maker Fare :
BYD. Firmly in #1 position. Dipped slightly in delivery to 38,932 from 39,473 units; that’s a -1.37% decline.
Tesla. Maintained #2 position. Output rose to 13,266 from 10,705 units. It’s a +20.92% gain.
NIO. Rose to #6 position from last week’s #7. Slight dipped in capacity to 3,345 from 3,357 units. Its a -0.36% decline. NIO needs to buck up !
Li Auto. Slipped to #8 from last week #5. Decreased its capacity to 3,222 units from 5,387. It’s a -40.19% fall in output capacity as Li Auto is re-calibrating its manufacturing process, catering for the “new” model EV to be manufactured and delivered on schedule.
XPeng. Fell to #15 spot from last week’s #12. Registration has decreased to 1,421 685 units from last week's 1,685 units. That’s a -15.67% decline.
NIO's MAR 2023 Registration (Simple Calculation).
Above tabulation consists:
Year 2022 total delivery - 122,486 EVs (as baseline)
Jan 2023 registration - 8,506 units; its almost 7% of Yr 2022 registrations.
Feb 2023 registration - 11,524 units; its almost 9.4% of Yr 2022 registrations.
Mar 2023 registration (so far) - 3,345 units; its about 2.73% of Yr 2022 registrations.
Leaving 80% (approx) to be delivered or better.
42 more weeks and counting... Hee hee.
Calendar View of NIO's EV Deliveries
Following 3 weeks of Mar 2023 will be very important to NIO.
Need to fulfill CEO’s verbal confirmation on Q1 2023 deliverables.
NIO really need to “better & up” its delivery capacity
It also need to continue to forge ahead to expand into other planned EU markets.
Needs to get cracking and make hay while the sun shines.
Do you think NIO will be able to ramp up its output capacity in Mar 2023 ? If it keeps to its current output capacity, it will meet the target. Of course if it could “better” its target, it would be even better - agree ?
Do you think NIO will be able to re-gain Wall Street analysts confidence by end Mar 2023 ?
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