EV stocks surge in HK ahead of May deliveries, Nio leads with 10% gain
Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April.
Xpeng guided for second-quarter deliveries of between 29,000 and 32,000 units, representing year-on-year growth of about 25.0 percent to 37.9 percent, when it reported first-quarter earnings on May 21.
The guidance means Xpeng expected it to deliver between 19,607 and 22,607 vehicles in May and June combined.
Xpeng planned to debut the first model of its sub-brand, codenamed Mona, in June and the model is expected to go on sale and start deliveries in the third quarter.
Li Auto delivered 25,787 vehicles in April, up 0.41 percent year-on-year but down 11.03 percent from March. It had 27,200 insurance registrations from May 1-26.
Li Auto guided second-quarter vehicle deliveries to be in the range of 105,000 to 110,000 vehicles in its May 20 earnings report, implying year-on-year growth of 21.3 percent to 27.1 percent.
The guidance means Li Auto expects to deliver a total of 79,213 to 84,213 vehicles in May and June.
BYD sold 313,245 new energy vehicles (NEVs) in April, up 48.96 percent from 210,295 in the same month a year ago and up 3.57 percent from 302,459 in March.
From May 1-26, 209,900 BYD vehicles were registered for insurance in China.
China EV insurance registrations for week ending May 26: Nio 5,400, Tesla 13,100, BYD 55,000, Xiaomi 2,700