$NIO vs $XPEV vs $LI EV Delivery 13 Feb - 19 Feb. 14% Met ! 86% To Go !
Feb 2023 - 13th to 19th
This is the half-way mark for Feb 2023; the shortest month in the solar calendar.
Incidentally, it also marked the 2nd month of covid easing in China since the 07 Dec 2022 announcement of restrictions removal.
With only one more week to go before the last month of Q1 2023, let’s jump into the thick of things to witness how each EV maker is faring.
Heading into 2nd week of Feb 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).
13 Feb to 19 Feb - EV registrations in China
How Did Each EV Maker Fare :
BYD. Still in #1 position. Increased its lead to 37,026 from 31, 417 units. Indisputable leader !
Tesla. Slipped to #4 from #3. Further displaced by GAC Aion (no frill made in China EV). Registration fell to 5,913 from 6,963 units.
Tesla’s “fall from grace” is expected to persist until end Feb 2023; as the manufacturing process in its Shanghai Giga factory undergoes re-calibration to manufacture the “new” Model 3 EV sedan.
Li Auto. Maintained its #5 ranking. Increased its lead to 4,238 units from 4,062. Its slowly edging its way back to mid-Jan delivery of 4,527 units.
NIO. Slipped to #7 from #6; displaced by EV maker Changan. Increased its lead from to 3,174 from 3,045. NIO still has capacity to deliver at its optimum Nov 2022 weekly capacity of 3,759 EV units.
XPeng. Slipped to #13 from #11 ranking. Registration has increased to 1,463 units from last week's 1,396 units. It is is still off its mid Jan delivery of 1,817 units.
NIO's FEB 2023 Registration (Simple Calculation).
NIO - YTD delivery vs 2022 Basline
Above tabulation consists:
Year 2022 total delivery - 122,486 EVs (as baseline)
Month of Jan 2023 registration - 8,506 units; is almost 7% of Yr 2022 registration.
Feb - 3 weeks of delivery + registration. Leaving 86% to be delivered or better.
45 more weeks and counting... Hee hee.
Calendar View of NIO's EV Deliveries
Excluding the week beginning 20 Feb (to 26Feb), there will be 2 days left before calendar month Feb is over.
If NIO is able to further better its weekly output capacity of 3,174 EV units; it would be able to cap off Feb on a "high" and also to “compensate / catch up” on its Jan 2023 deliveries due to CNY celebration.
Fingers crossed.
By not engaging in a price war (unlike Tesla and XPeng); it does not have to re-adjust its pricing again as a result of Tesla’s reinstatement of its Model-3 & Model-Y china pricing on 09 Feb 2023.
Do you think NIO will be able to further raise its weekly EV output capacity back to its weekly peak of 3,759 units (achieved in Nov 2022) ?
How much higher (percentage) do you think NIO will be able to deliver overall for Feb 2023 compared to Feb 2022 ?
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