The choppy market movement we’ve seen over the past week continued on Wednesday morning, with many market participants breathing a sigh of relief as stocks looked poised to rally and recoup some of their losses from Tuesday. As of 9 a.m. ET, futures contracts are on Dow Jones Industrial Average (DJINDICES: ^DJI) It rose 306 points to 34,763 points. Standard & Poor’s 500 (SNPINDEX: ^GSPC) Futures gained 56 points to 4,622, and Nasdaq Composite (Nasdaqindex: ^ IXIC) Futures contracts rose 219 points to 16,369 points.
It’s the first day of the month, which means Chinese electric car companies They report their latest delivery numbers. Many high-growth investors are watching these numbers closely, and this morning, they’re very pleased with what they’re seeing. Below, we’ll explain why New (New York Stock Exchange: NIO)And XPeng (New York Stock Exchange: XPEV), And Lee Otto (Nasdaq: LI) They are all moving higher on Wednesday morning.
Nio keeps pace
Nio shares rose 3.5% in pre-market trading Wednesday morning, Rebounding from Tuesday’s losses. The electric car maker’s November delivery update showed a new record high along with impressive gains from last year’s levels.
Nio delivered 10,878 vehicles in November. That increased more than 105% year over year, with 4,713 ES6 models, 3,482 EC6 models and 2,683 ES8 models delivered. This brings Nio’s total delivery to 80,940 in the first 11 months of the year, which is 120% higher than it was in the same period in 2020.
Finally, Nio has delivered a total of 156,581 of its vehicles since its inception. With a solid selection of five-, six- and seven-seat offerings, Nio has done a good job of capturing a major market segment by focusing on SUVs.
XPeng takes the lead
XPeng shares are up 3% in pre-market trading. The company delivered Nio and celebrated the launch of a new line of cars.
XPeng delivered 15,613 electric vehicles during the month of November, an increase of 270% year over year. The 7839 P7 sedans shipped account for about half of that total, but XPeng also found early success with its most recent launch. The G3i SUV was launched in July with 5,546 vehicles delivered, while the P5 sedan’s launch in September delivered 2,154 vehicles. This brings total deliveries in 2021 to 82,155, and lifetime deliveries of electric vehicles to 121,953.
Investors are looking forward to the launch of the G9 SUV, which features advanced driver assistance as well as next-generation supercharging. Deliveries will not begin until the second half of 2022, but along with developments in its shipper network, XPeng is in an excellent position for future growth.
Lee is the biggest winner
Leading the way higher in terms of The share price was minewhose shares rose 5%. The delivery numbers were similarly impressive.
Li set a new monthly record, delivering 13,485 Li One vehicles in November. This was 190% higher than the number of deliveries in November 2020. This put the total deliveries for the year above the 76,400 mark, with lifetime deliveries totaling just over 110,000.
Is your wallet hitting the throttle?
even shares Tesla (Nasdaq: TSLA) It was about 1.5% higher this morning, although the US company only reports deliveries on a quarterly basis. However, with the increasing demand for electric cars in China, it is clear that the transformation of the auto industry is progressing at a rapid pace. Shareholders who bet on this trend early have been rewarded.
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