XPeng's stock rallies after record July delivery data, Nio's stock slips

1 month ago 15
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Share of Xpeng Inc. XPEV, +6.38% rallied 4.8% successful premarket trading Monday, aft the China-based electrical conveyance shaper reported July deliveries that much than tripled from a twelvemonth agone and roseate 22% from the erstwhile month, to people a second-straight monthly record. Fellow China-based EV shaper Nio Inc.'s banal NIO, +4.83% slipped 0.2% up of the open, aft July deliveries much than doubled from a twelvemonth agone but slipped 1.9% from June. XPeng said precocious Sunday that it delivered 8,040 EVs successful July, up 228% from a twelvemonth agone and up from 6,565 successful June, portion Nio said aboriginal Monday that July deliveries roseate 124.5% from a twelvemonth agone to 7,931 vehicles, aft delivering 8,083 EVs successful June. XPeng's deliveries successful July included 6,054 P7 astute sedans and 1,986 G3 astute compact SUVs, portion Nio's July deliveries included 3,669 ES6 5-seater SUVs, 2,560 EC6 five-seater coupes and 1,702 ES8 six- oregon seven-seater SUVs. Year to date, XPeng's banal has slipped 5.4% and Nio shares person fixed up 8.3% done Friday, portion shares of U.S.-based EV person Tesla Inc. TSLA, +1.45% person eased 2.6% and the S&P 500 SPX, -0.54% has rallied 17.0%.

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