As the new year commences, China’s top electric vehicle manufacturers have been announcing their delivery volume for the final month and entire year of 2022, a challenging period marked by repeated pandemic-induced lockdowns and supply chain shortages.
In October of last year, GAC Aion, originating from traditional automaker GAC Group, completed round-A financing worth 2.566 billion yuan ($372 million), bringing its valuation to 103.2 billion yuan and making it China’s most valuable unlisted NEV firm. In December, 30,007 vehicles were delivered, up 107% year-on-year. From January to December, 2022, cumulative sales reached 271,156 units, achieving its target of 270,000 units.
BYD sold 235,200 new energy vehicles in December 2022, compared with 93,900 vehicles in the same period of 2021. In 2022, its cumulative sales volume was 1,863,500 units, an increase of 208.64% year-on-year, achieving a conservative estimate of 1.5 million vehicles made at the beginning of the year. In addition, with the background of the withdrawal of state subsidies, since January 1, 2023, BYD increased the prices of models in its Dynasty series, Ocean series and Denza brand, by margins ranging from 2,000 yuan to 6,000 yuan.
NETA did not directly announce its delivery data for December 2022, only announcing that its cumulative delivery volume in 2022 was 152,100 vehicles. By referencing data from the previous 11 months, it can be deduced that 7,795 vehicles were delivered in the final month. At the Guangzhou International Automobile Exhibition, Jiang Feng, the vice president of NETA, pointed out that the sales target this year is 250,000 vehicles.
In December, the delivery volume of Li Auto‘s L9 and L8 exceeded 10,000, and a total of 21,233 new cars were delivered, setting a record. However, in the third quarter, the firm’s main sales model was rapidly switched from the Li ONE to the L8, sparking complaints and questions from consumers and resulting in a short-term decline in sales. Although the sales volume rebounded steadily in the last quarter, only 133,200 vehicles were sold last year, less than the sales target of 150,000 vehicles.
The delivery volume of NIO in December increased by 50.78% year-on-year to 15,815 units. Among them, the delivery volume of ET7, ES7 and ET5 continued to increase, reaching 13,127 units and accounting for 83% of the total delivery volume. However, in 2022, it sold 122,486 vehicles, up 34% year-on-year, failing to achieve the target of 150,000 vehicles.
XPeng Motors encountered great twists and turns in 2022. In the first half of the year, it maintained strong momentum, but before and after the launch of the new car G9, it experienced a month-on-month decline in sales for five consecutive months. In 2022, it delivered 120,757 vehicles, less than half of the sales target of 250,000 vehicles. However, a total of 11,292 units were delivered in December, an increase of 94% from the previous month. Among them, the delivery volume of G9 reached 4,020 vehicles, which has become the main sales force for XPeng.
Leapmotor maintained stable delivery, with a total of 8,493 vehicles sold in December and a total of 111,168 vehicles delivered in 2022. Although the sales target of 120,000 vehicles has not been achieved, the firm came very close. The prices of its T03 and C11 models will be increased by 3,000 yuan and 6,000 yuan respectively.
Huawei’s AITO delivered 10,143 vehicles in December, an increase of 23% from the previous month. Since official deliveries started in March, AITO has delivered more than 75,000 vehicles. Although the set target of 80,000 vehicles was not achieved, it took only over seven months to surpass 10,000 vehicles per month.
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In December, the delivery volume of Geely’s Zeekr exceeded 10,000 units for its third consecutive month, reaching 11,337 vehicles, and the cumulative sales volume in 2022 was 71,941 vehicles, exceeding the annual delivery target of 70,000 vehicles. At the same time, the firm announced that the 2023 version of its Zeekr 001 was officially launched on January 1, with four models and a price range of 300,000 to 386,000 yuan.
Since early December, COVID-19 has been spreading widely across the country. Affected by the need to return home during the Spring Festival and New Year’s Day holiday, the China Automobile Dealers Association expects consumption to decline year-on-year. Guotai Junan Securities pointed out that due to the expiration of national subsidies, the sales volume of passenger cars will fluctuate greatly in the first quarter of 2023.
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