Summary

  • XPENG and NIO achieved new monthly sales records in December
  • XPENG saw a 82% increase in deliveries in December compared to the previous year
  • NIO experienced a 72.9% increase in sales in December
  • XPENG’s MONA M03 and P7+ models were major contributors to the sales growth
  • NIO’s ONVO brand played a significant role in boosting sales as well

Article

XPENG and NIO, two prominent Chinese electric vehicle manufacturers, ended the year on a high note by setting new monthly sales records in December. XPENG saw a significant increase in deliveries, with 36,695 units in December, marking an 82% rise compared to the same period in 2023. The company ended the fourth quarter with 91,507 deliveries, a 52% increase year-over-year. Throughout 2024, XPENG had a total of 190,068 sales, showing a 34% increase from the previous year. The success of XPENG can be attributed to its newest models, the MONA M03 and the P7+, which were the main drivers of growth in December.

In contrast, NIO also experienced impressive growth in December with 31,138 sales, representing a 72.9% increase over December 2023. The company achieved a 45.2% increase in fourth-quarter sales compared to the same period in 2023, totaling 72,689 units. NIO’s full-year sales for 2024 reached 221,970, showing a 38.7% increase from the previous year. NIO’s ONVO brand played a significant role in boosting sales, contributing 10,528 units in December. Cumulatively, NIO has reached 671,564 sales, and if the December delivery rate is sustained for 12 months, it could potentially exceed 1 million sales.

While XPENG and NIO both had remarkable sales performance in December, there are challenges ahead for sustaining growth. XPENG’s impressive delivery figures in December could translate to 440,340 annual sales if maintained throughout the year. However, external factors like the Chinese New Year could impact sales in the coming months. Similarly, NIO’s potential to surpass 1 million sales in 2025 depends on its ability to maintain the momentum from December and scale up its operations. Both companies are striving to strengthen their positions in the competitive electric vehicle market.

The success of XPENG and NIO reflects the growing demand for electric vehicles in China and globally. These companies are at the forefront of the cleantech revolution, providing consumers with sustainable transportation options. Their focus on innovative technologies and high-performance electric vehicles has resonated with customers, leading to record-breaking sales figures. By investing in these companies and supporting independent cleantech coverage, individuals can contribute to accelerating the adoption of clean energy solutions worldwide.

As XPENG and NIO continue to innovate and expand their product offerings, they are poised to play a significant role in shaping the future of transportation. The growth of electric vehicle sales demonstrates the increasing awareness and acceptance of sustainable mobility solutions. By reporting on these developments and sharing valuable insights, CleanTechnica aims to promote the cleantech revolution and empower individuals to make informed choices that contribute to a sustainable future. As the electric vehicle market evolves, XPENG and NIO are likely to remain key players driving the transition towards a cleaner and greener transportation sector.

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