XPeng, NIO, Li Auto report large deliveries for December. It’s good for Tesla.

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XPeng Motors at the Wuhan Motor Show on October 21, 2021 in China. XPeng reported heavy deliveries for December.

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The three Chinese electric vehicle makers listed in the United States have started 2022 on a high note, all reporting big delivery numbers for December.


(ticker: NIO),


(XPEV) and

Li Auto

(LI) on Saturday morning everyone reported deliveries. Together, the three have shipped over 40,000 units. It’s a monthly record and it’s a sign that

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(TSLA) is expected to release its own large number when it releases fourth delivery figures in the coming days.

About 25% of all Tesla shipments are generated in China. Investors expect Tesla to report at least 280,000 deliveries worldwide for the fourth quarter.

Among the three Chinese, XPeng won the crown of December and 2021 16,000 deliveries, a new monthly record. For the whole of 2021, XPeng delivered 98,155 vehicles, up 263% from 2020.

Li delivered 14,087 units in December. It is also a monthly record for Li. For the whole of 2021, Li delivered 90,491 vehicles, up 177% from 2020.

NIO failed to set a new monthly record, missing it by just a few hundred units. The company 10,489 vehicles shipped in December. NIO’s monthly record for deliveries was in November, with 10,878 units shipped. Over the year as a whole, NIO delivered 91,429 vehicles in 2021, up 109% from 2020.

Even though XPeng delivered more cars in 2021, NIO still delivered most of the three in the life of the company. NIO has delivered over 167,000 vehicles to date. XPeng and Li delivered around 125,000 and 123,000 vehicles, respectively.

Vehicle deliveries in December for all electric vehicle producers may have been boosted by a reduction in upcoming subsidies for Chinese car buyers in 2022. Buyers rushed to get a slightly better deal. The Chinese subsidy for the purchase of an electric vehicle is around 10,000 yuan ($ 1,500), compared to 14,400 yuan ($ 2,200). The difference of $ 700 equates to a price increase of about 2% for typical electric vehicles.

The drop in subsidies is a factor that investors will need to consider regarding Tesla and Chinese electric vehicle makers in 2022. But higher deliveries in December mean that earnings estimates for NIO, XPeng, Li and possibly Tesla will increase in the coming weeks. More cars than expected means more sales and better financial results.

Strong delivery results could also help stocks in early 2022. Shares of Tesla, XPeng and Li had good to excellent in 2021, gaining 50%, 18% and 11% respectively. NIO shares struggled, falling 35% in 2021.

S&P 500


Dow Jones Industrial Average

gained 27% and 19%, respectively.

The initial valuation is one of the reasons for the difficulties of the NIO title. Even after underperforming, NIO’s market cap is around $ 54 billion, more than XPeng’s $ 43 billion market cap and Li’s $ 33 billion market cap.

Tesla, of course, ended 2021 with a market cap north of $ 1,000 billion. It is expected to deliver around 900,000 vehicles by 2021.

Write to Al Root at [email protected]

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