Skip to content

NIO Deliveries Fall Below Rival XPeng Despite YoY Rise

Practice Stock Trading Your Capitals Is At Risk
Updated 2 Aug 2021
NIO

NIO (NYSE: NIO) reported its July 2021 delivery results this morning, and despite a solid year-over-year gain, deliveries declined month on month, falling behind rival XPeng (NYSE: XPEV). 

new-recommended-broker-banner

Read Our NIO Stock Forecast

The Chinese electric vehicle firm delivered 7,931 vehicles in July, representing a 124.5% rise from July 2020 but falling below the 8,083 vehicles delivered in June

The deliveries consisted of 1,702 ES8s, 3,669 ES6s, and 2,560 EC6s. Cumulative deliveries of the ES8, ES6, and EC6 reached 125,528 vehicles at the end of July.

The company previously warned that the semiconductor shortage would impact production output. 

Earlier this morning, NIO’s rival, XPeng, reported that its deliveries for July climbed to 8,040 vehicles, a 22% increase compared to June. 

Should You Invest in NIO Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now