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Tesla’s rival BYD is poised to take over the electric car throne.China’s Li Auto, Nio, and XPeng On Tap also

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BYD (BYDDF) is scheduled to exceed tesla (TSLA) partners with Chinese EV peer lee auto (li), XPeng (XPEV) and Nioh (NIO) also reports December, fourth quarter, and full year deliveries.




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Li Auto, XPeng, and Nio are scheduled to report deliveries on Monday, January 1st. BYD will report deliveries on Monday or Tuesday. Tesla plans to report deliveries on or about Tuesday, January 2nd. The delivery data comes as China’s EV price war continues to intensify.

BYD sales

In order for BYD to reach its 2023 goal of selling 3 million electric vehicles, including plug-in hybrid vehicles, it needs to sell 316,626 EVs in December. This is more than the 301,903 people in November. In the midst of a fierce EV price war, BYD is increasing its discounts to meet its goals.

BYD’s full battery electric vehicle (BEV) sales are expected to exceed 500,000 units in the fourth quarter. This is enough to overtake Tesla for the first time.

BYD’s insurance registrations in China reached 180,000 from December to Christmas Eve, of which 63,900 were registered in the latest week. This does not include significant overseas sales. It also does not include sales of BYD’s premium brands. Part DThe enza brand had 2,300 deliveries in a recent week. The new F-brand Bao 5 has shipped 1,300 units weekly, and the super-premium YangWang U8 has registered 400 units, both of which are on the rise.


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li automatic delivery

Li Auto said it may try to deliver 50,000 cars in December, up from a record 41,300 deliveries in November. By December 24, Li Auto had sold 36,400 extended-range vehicles, which are essentially plug-in hybrid vehicles.

XPeng delivery

XPeng deliveries just topped 20,000 units in October and November, but it may be difficult to reach that level in December. The number of registrations was 12,500 until December 24, but in the past week it has decreased by 18.75% to 3,900. XPeng has a small number of deliveries in Europe.

Nioh delivery

Nio is pegging 47,000 to 49,000 deliveries in the fourth quarter, suggesting December deliveries will be 14,967 to 16,967. The company’s insurance registrations stood at 12,000 as of Dec. 24, with a steady recovery to 4,100 in the past week.

Rival Tesla sold 15,959 cars in November, the fourth straight month of declines.


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tesla delivery

Tesla needs to deliver about 476,000 EVs in the fourth quarter to reach its full-year delivery goal of 1.8 million vehicles. Analysts expect deliveries to be around 480,000 units, mainly due to strong Tesla sales in China. Tesla’s weekly registrations for the week ending Dec. 24 were 18,500, up slightly from 18,300 the previous week. According to registration data, the EV giant delivered 60,200 vehicles in China this month.

EV stocks

BYD stock rose 4.6% to 27.68 in the last week of 2023, but hit a nine-month low of 24.95 on December 22.

Li Auto’s stock price rose 12.7% in the past week to 37.43, regaining its 200-day and 50-day levels. The consolidated buy point for the stock is 47.33. However, LI stock has a trendline entry near 40 and another early buying opportunity with a short-term high at 42.35.

XPEV stock rose 5.65% for the week to 14.59, rebounding from its 200-day line after four consecutive weeks of decline. XPeng stock is still below its 50-day line.

NIO stock jumped 7.7% to 9.07, marking its fourth straight week of gains after coming close to a three-year low. The stock price is hitting resistance near the 200-day line.

Tesla stock fell 1.6% on the week to 248.48, returning to its 21-day line on Friday. Thursday’s high of 265.13 provides a buy point from a shallow weekly handle with a double bottom base.

X/ Follow Ed Carson on Twitter. @IBD_ECarsonstock market updates and more, check out @edcarson1971’s thread and @edcarson.bsky.social’s Bluesky.

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