Quick Summary
- NIO’s June vehicle deliveries reached 40,597 units, representing a 63% year-over-year increase, yet shares declined 2.6% in early trading
- Second quarter 2026 deliveries totaled 107,658 vehicles, marking a 49.4% year-over-year surge, pushing cumulative deliveries to 1.18 million units
- XPeng reported 40,126 June deliveries with 16% YoY growth — shares gained 2% in premarket sessions
- Li Auto struggled with June deliveries falling 15% YoY to 30,895 units
- BYD recorded 397,292 passenger vehicle sales in June, though pure EV sales decreased 3% YoY amid domestic market headwinds
Despite posting impressive June 2026 delivery figures, NIO faced investor skepticism. Shares dropped 2.6% during premarket trading Wednesday, even as the company announced a substantial 63% year-over-year delivery increase.
The Chinese electric vehicle manufacturer delivered 40,597 vehicles last month, marking an 8% sequential increase from May’s performance. Throughout the entire second quarter, NIO shipped 107,658 vehicles — narrowly surpassing internal projections and posting a robust 49.4% year-over-year gain.
Across its three brands — NIO, ONVO, and FIREFLY — the company has now reached 1,188,715 cumulative deliveries. Notably, the All-New ES8 surpassed 120,000 total deliveries, while the recently launched ES9 achieved 10,000 units within just its first month of availability.
The morning selloff suggests investors had already anticipated strong results. With NIO shares having climbed 44% over the previous twelve months heading into Wednesday’s announcement, much of the positive momentum appeared already reflected in the valuation.
Top Three Chinese EV Makers Report Combined 111,618 June Deliveries
The strong performance wasn’t exclusive to [[LINK_START_2]]NIO[[LINK_END_2]]. Competitors XPeng and Li Auto also released their June metrics, with the trio collectively delivering 111,618 vehicles — a 16% year-over-year improvement and the strongest monthly growth since March.
XPeng shipped 40,126 vehicles during June, climbing 25% from May and 16% versus the prior year. The company’s Q2 performance totaled 103,295 units, meeting internal expectations. XPeng shares responded positively, rising 2% in premarket trading, diverging from NIO’s trajectory.
Li Auto presented a different picture. The company delivered 30,895 vehicles in June, declining 7% sequentially from May and dropping 15% year-over-year. While its Q2 total of 98,330 vehicles aligned with guidance, persistent year-over-year declines have pressured the stock — Li Auto has fallen 56% over the trailing twelve months.
Combined, the three manufacturers have delivered 550,572 vehicles through the first half of the year, representing approximately 7% growth compared to the same 2025 timeframe.
BYD Shifts Focus to International Markets as Domestic Sales Soften
BYD reported 397,292 passenger vehicle sales in June, including 201,472 battery electric vehicles. While overall vehicle sales increased 5% year-over-year, pure EV sales contracted 3%.
The automotive giant has been directing roughly 40% of production to international markets as Chinese domestic appetite weakens. China’s overall new vehicle sales declined approximately 7% during Q1 2026, according to Citi analyst Jeff Chung’s research.
BYD’s Hong Kong-traded shares were not active Wednesday due to a public holiday. Entering the week, the stock was down 24% year-to-date and had fallen 41% over the past year.
On the innovation front, NIO deployed the newest iteration of its NIO WorldModel advanced driving system to over 700,000 users. The company claims industry leadership as the first manufacturer supporting simultaneous development across both general-purpose and proprietary chip architectures.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
