Credit：Visual China

Aion, a brand owned by the state-owned manufacturer Guangzhou Automobile Group Co., Ltd. (GAC), for the first time sold more than 50,000 vehicles in a month. The brand maintained lead in emerging Chinese EV brands with the sales of 51,596 units in September, increasing 72% from a year earlier and 14.48% from the previous monthThe recent monthly sales may signals Aion has broken the bottleneck in capacity, since its sales in August surged about 66.5% YoY to 45,000 EVs while its delivery reached 52,057 EVs, much more than its sales order quantity. Aion sold a total of 350,986 units from January to September with a year-over-year increase of 93%. Aion is well on the track to meet its target of 500,000 units this year given sales of the first three quarters accounting for 70% of the annual target.

Li Auto Inc. also refreshed its monthly record in September. Its delivery that month jumped 212.7% YoY to 36,060 vehicles, bringing delivery in the third quarter of the year to 105,108 vehicles, up 296.3% YoY, in line with the company’s quarterly guidance between 100,000 units and 103,000 units. It delivered 244,225 vehicles in the first three quarters of the year, though not posting significant quarter-over-quarter (QoQ) growth of delivery in the quarter ended September due to limited capacity.

“Driven by the ever-increasing market demand, we made numerous historic breakthroughs in September, achieving record-high weekly and monthly sales performance as well as a new high in order intake with over 40,000 orders received in a single month. Meanwhile, monthly deliveries for each of our three Li L series models exceeded 10,000 vehicles for the second consecutive month,” Li Auto CEO Li Xiang said. Li noted his company is capturing an increasing market share in the RMB200,000 and higher NEV market, ranking among the top two best-selling NEV brands in this price segment in China, and it has topped the sales chart of SUVs priced above RMB300,000 in China for six straight months.

Nio Inc. increased monthly delivery 43.8% YoY to 15,641 vehicles in September. The delivery dropped 19.2% MoM, the second straight month of monthly decline after the EV maker shattered monthly record in July with the volume of 20,500 units. However, the company shipped a total of 55,432 vehicles in the third quarter of the year, setting its quarterly record with a 75.4% YoY growth. Nio CEO Li Bin, or William Li, predicted the delivery in August and September will slow down to normal as the company started to end free battery swapping services to new buyers in June.  Nio has an aim to keep monthly delivery more than 20,000, and is preparing for a sales capacity of 30,000 units per month, the Chairman and said an earnings call earlier in late August. Through its effort of building sales team, Nio will have that initial capability of sales ready by the end of September, then the real effect will kick in from October, Li said.

Xpeng Inc. announced delivery of 15,310 EVs in September with a 12% month-over-month (MoM) increase and a 81% YoY increase, representing strong growth trajectory for eight consecutive months. G6, the EV SUV Xpeng expected to be a popular model that can drive sales, was delivered 8,132 units in September, increasing the cumulative G6 deliveries to 19,381 units. Delivery in the third quarter of the year reached 40,008 units with a QoQ increase of 72%, roughly in line with the delivery guidance range of 39,000 units and 41,000 units. Xpeng said G6’s production capacity has expanded materially, accelerating the model’s deliveries.

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