SA Charts: How major Chinese EV players performed in May

The race for supremacy in China’s electric vehicle (EV) market never slows down, and May’s delivery figures offer a compelling snapshot of who’s accelerating and who’s navigating new challenges. From the continued dominance of industry giants to notable shifts among key competitors, the numbers reveal a dynamic landscape.

Li Auto posted a solid rebound, XPeng continued its explosive Y/Y growth, NIO remained relatively stable, and BYD held its lead in volume.

Here’s the monthly delivery data from BYD, Li Auto, XPeng, and NIO, highlighting key trends:

Li Auto (NASDAQ:LI)

• May Deliveries: 40,856
• M/M Change: +20.4%
• Y/Y Change: +16.7%
• Li Auto saw a healthy 20% sequential rise, regaining traction after a subdued April. Y/Y growth also stayed in double digits.

XPeng (NYSE:XPEV)

• May Deliveries: 33,525
• M/M Change: -4.3%
• Y/Y Change: +230.4%
• While slightly lower M/M, XPeng’s delivery volume has more than tripled from May last year, one of the strongest annual growth rates among peers.

NIO (NYSE:NIO)

• May Deliveries: 23,231
• M/M Change: -2.8%
• Y/Y Change: +13.1%
• NIO’s May deliveries dipped slightly vs. April, but it held on to modest Y/Y growth. The company’s pace suggests cautious but steady progress.

BYD (OTCPK:BYDDF)

• May Deliveries: 382,476
• M/M Change: +0.6%
• Y/Y Change: +15.3%
• BYD once again led the group by volume, topping 380K deliveries. While growth moderated, the company’s scale and consistency remain unmatched.