SA Charts: November 2024 EV Trends—BYD leads, XPeng rebounds, Li Auto & NIO stay resilient

The electric vehicle (EV) market is experiencing rapid growth, with manufacturers ramping up production to meet increasing demand.

BYD (OTCPK:BYDDF) continues to dominate with unmatched delivery volumes and robust Y/Y growth, while Xpeng (NYSE:XPEV) stands out with the highest M/M growth among peers, signaling a strong recovery. Li Auto (NASDAQ:LI) and NIO (NYSE:NIO) experienced minor setbacks in M/M performance but maintained positive Y/Y momentum, reflecting resilience in a competitive EV market.

Here’s the latest monthly delivery data from BYD, Li Auto, Xpeng, and NIO, highlighting key trends, market dynamics, and growth opportunities in this fast-evolving sector.

Li Auto (LI)

• Deliveries: 48,740 units.
• Month-over-Month (M/M) Growth: -5.3%, following October’s decline of -4.2%, indicating continued softness in monthly performance.
• Year-over-Year (Y/Y) Growth: +18.8%, maintaining a positive yearly trend despite the monthly slowdown.

XPeng (XPEV)

• Deliveries: 30,895 units.
• Month-over-Month (M/M) Growth: +29.2%, the highest among peers, reflecting a strong rebound.
• Year-over-Year (Y/Y) Growth: +54.2%, highlighting significant yearly growth and market share gains.

NIO (NIO)

• Deliveries: 20,575 units.
• Month-over-Month (M/M) Growth: -1.9%, indicating minor seasonal weakness.
• Year-over-Year (Y/Y) Growth: +28.9%, maintaining steady yearly growth in a competitive EV market.

BYD (OTCPK:BYDDF)

• Deliveries: 506,804 units.
• Month-over-Month (M/M) Growth: +0.8%, showing stability after October’s notable 19.8% growth.
• Year-over-Year (Y/Y) Growth: +67.9%, showcasing unmatched yearly growth in the EV sector.