Tesla, Ford, GM report hefty deliveries; shareholders vs. Rivian: This week in EVs
Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: EV delivery numbers from Tesla, Ford, and more; GM apprehensive on EPA's emissions crunch; and a lawsuit against Rivian.
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Several automotive companies issued their 2Q production and delivery numbers last week.
Tesla (NASDAQ:TSLA) reported another quarterly record with an almost 9% increase in production to 479,700 vehicles and a 10% growth in deliveries to 466,140 vehicles for the second quarter compared with the first three months of the year. According to the China Passenger Car Association (CPCA), the EV giant sold 93,680 vehicles in China during June, up 18.72% on the year.
The Texas-based company's strong sales in China were the second-largest there behind China-based challenger BYD (SZ:002594) (OTC:BYDDY) — which itself sold more than 250,000 EVs in June, marking a surge of 88.16% year over year, according to the CPCA.
Li Auto Inc (NASDAQ:LI), a Chinese startup, achieved a significant milestone in June 2023 by delivering over 32,575 vehicles, surpassing the 30,000 monthly delivery mark for the first time. This achievement reflects a growth rate of 150.1% as compared with the previous year. Notably, the company's second-quarter deliveries reached an impressive 86,533 vehicles, showcasing a year-over-year increase of 201.6%. These outstanding figures have already exceeded Li Auto's total vehicle deliveries for the entirety of 2022.
Rival EV startup Nio (NYSE:NIO) delivered 10,707 vehicles in June — a 17.4% drop from the same time last year, but a significant 74% increase from numbers reported in May. That brought its 2Q total to 23,520 vehicles.
Xpeng
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