Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Monday, December 2, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

China automakers BYD, Leapmotor, Xiaomi smash annual delivery targets

December 2, 2024
in News
Reading Time: 4 mins read
A A
China automakers BYD, Leapmotor, Xiaomi smash annual delivery targets
0
SHARES
ShareShareShareShareShare

BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024.

Nurphoto | Nurphoto | Getty Images

SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand as the year comes to a close.

Electric vehicle juggernaut BYD delivered 504,003 passenger vehicles in November, up from last month’s 500,526. Its cumulative deliveries for passenger cars stand at 3,740,930, exceeding its initial full-year target of 3.6 million deliveries.

Meanwhile, Stellantis-backed Leapmotor saw 40,169 deliveries in November, up 5.22% from the previous month and 117% year on year. The company has delivered 251,207 cars year-to-date, surpassing its 250,000 annual delivery target.

Xiaomi, likewise, achieved the feat of surpassing its annual target of 100,000 deliveries midway through November. The company launched its first car, the SU7, in March this year.

For the full month of November, the Chinese phonemaker company delivered more than 20,000 cars for the second consecutive month this year. Xiaomi has revised its target to 130,000 deliveries by the end of the year.

Chinese electric carmaker Zeekr said Sunday it delivered 27,011 cars in November, beating the previous month’s record by 7.83%, and increasing by 106% year on year.

This month’s deliveries brings its full year’s deliveries to 194,933 — only slightly short of its full-year delivery target of 230,000 vehicles.

China automakers BYD, Leapmotor, Xiaomi smash annual delivery targets

The Geely-backed automaker began deliveries of its new five-seater SUV Zeekr Mix on Oct. 23.

Xpeng also achieved an all-time best with 30,895 deliveries in November, up 29% from the previous month.

The deliveries included the company’s mass-market car, Mona M03, which exceeded 10,000 deliveries for the third consecutive month. Xpeng launched Mona M03 in late August with prices starting at $16,812, while Tesla’s cheapest car, the Model 3, starts at 231,900 yuan ($31,897).

Xpeng’s November deliveries also included more than 7,000 deliveries of the P7+, which launched Nov. 7 and received 31,528 orders by midnight that day.

Premium brand Nio delivered 20,575 cars in November, up 28.9% year on year. Deliveries included 5,082 vehicles from its lower-priced brand Onvo, which was launched in September.

In a Nov. 20 earnings call, the company said it aimed to deliver between 72,000 and 75,000 cars in the fourth quarter. That means Nio has to deliver at least 30,449 cars in December to meet the minimum target.

Nio will also launch its Firefly brand on Dec. 21, CEO William Li said in the same call. Co-founder and president Qin Lihong confirmed to local media last month that the car would be purely electric, refuting local media claims of a potential hybrid model.

READ ALSO

Intel CEO Pat Gelsinger is out

U.S. can adopt crypto regulation ‘quickly’ now

Nio’s full-year delivery target for 2024, derived from quarterly guidance, ranges from 218,000 to 227,000 deliveries. Per CNBC’s calculations, Nio has delivered a total of 190,832 cars year-to-date.

The company shared plans to double electric car deliveries next year in the earnings call, with a target of 20,000 Onvo cars per month by March 2025.

Li Auto, whose cars mostly come with a fuel tank to extend the battery’s driving range, delivered 48,740 cars in November, down 5.25% from October’s deliveries. As of end-November, the company delivered 441,995 cars out of its annual goal of 480,000.

The company previously aimed to deliver 800,000 cars for the full year, but cut its target in June.

Huawei-backed Aito did not disclose its November deliveries, but announced on Nov. 27 that it had delivered over 180,000 units of the M7.

And amid the intensifying price war in China, American automaker Tesla cut prices by 10,000 yuan for its Model Y through Dec. 31. With the discount, the Model Y now retails at 239,900 yuan.

Credit: Source link

ShareTweetSendSharePin
Previous Post

Long Island teen Connor Kasin dies after suffering medical episode during charity hockey game

Next Post

The best Cyber Monday kitchen deals will save you up to 44 percent on Ninja, Breville, KitchenAid, Fellow and more

Related Posts

Intel CEO Pat Gelsinger is out
News

Intel CEO Pat Gelsinger is out

December 2, 2024
U.S. can adopt crypto regulation ‘quickly’ now
News

U.S. can adopt crypto regulation ‘quickly’ now

December 2, 2024
Adani investor GQG’s shares plunge over 15% after UBS downgrades
News

Adani investor GQG’s shares plunge over 15% after UBS downgrades

December 2, 2024
Stellantis CEO Carlos Tavares resigns amid problems in U.S.
News

Stellantis CEO Carlos Tavares resigns amid problems in U.S.

December 2, 2024
How Trump mass deportation plan can use AI in immigration crackdown
News

How Trump mass deportation plan can use AI in immigration crackdown

December 1, 2024
Rally in small caps just starting: VettaFi’s Rosenbluth suggests
News

Rally in small caps just starting: VettaFi’s Rosenbluth suggests

November 30, 2024
Next Post
The best Cyber Monday kitchen deals will save you up to 44 percent on Ninja, Breville, KitchenAid, Fellow and more

The best Cyber Monday kitchen deals will save you up to 44 percent on Ninja, Breville, KitchenAid, Fellow and more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Chinese AI startup Shengshu launches image-to-video tool, rivaling Sora

Chinese AI startup Shengshu launches image-to-video tool, rivaling Sora

November 14, 2024
Joe Biden pardons his son Hunter despite previous pledges not to

Joe Biden pardons his son Hunter despite previous pledges not to

December 2, 2024
Stellantis CEO Carlos Tavares resigns amid problems in U.S.

Stellantis CEO Carlos Tavares resigns amid problems in U.S.

December 2, 2024
Avoid 3 common mistakes when asking for promotion

Avoid 3 common mistakes when asking for promotion

November 28, 2024
Gerard Piqué might have found the perfect sport for Gen Z’s falling attention span

Gerard Piqué might have found the perfect sport for Gen Z’s falling attention span

November 16, 2024
Early Black Friday deals include up to 5 off Roomba robot vacuums

Early Black Friday deals include up to $425 off Roomba robot vacuums

November 8, 2024
Is Warren Buffett stockpiling cash out of fear—or just patience?

Is Warren Buffett stockpiling cash out of fear—or just patience?

November 12, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Jets make Aaron Rodgers decision for Dolphins game after ugly loss
  • Intel CEO Pat Gelsinger leaves as chipmaker’s turnaround flops
  • Intel CEO Pat Gelsinger is out
  • New Technology Addresses At-Risk Commodity Ingredients

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In