GUANGZHOU, China — Chinese language electrical automobile firm Nio noticed deliveries slide in Might as the worldwide chip scarcity hit its enterprise.
In the meantime, rival Xpeng Motors noticed car deliveries speed up in Might because it managed to climate the identical semiconductor scarcity.
Xpeng was up round 5.5% in pre-market commerce within the U.S. whereas Nio was 2.8% larger at 5:03 a.m. ET.
World automotive gamers have additionally been dealing with a semiconductor shortage which has impacted their enterprise.
Nio delivered 6,711 automobiles in Might, a 95.3% year-on-year. Nevertheless, that was a 5% lower from April.
“In Might, the Firm’s car supply was adversely impacted for a number of days as a result of volatility of semiconductor provide and sure logistical changes,” Nio mentioned in a press release.
“Primarily based on the present manufacturing and supply plan, the Firm will be capable to speed up the supply in June to make up for the delays from Might,” the assertion mentioned, including that it reiterates its supply steerage of 21,000 to 22,000 automobiles within the second quarter of the 12 months.
As of Might 31, cumulative deliveries of Nio’s three fashions — the ES8, ES6 and EC6 — reached 109,514 items.
Xpeng deliveries speed up
Xpeng mentioned it delivered 5,686 automobiles in Might — a 483% year-on-year rise and a ten% improve from the earlier month. That was sooner than the 285% year-on-year surge and 0.9% month-on-month rise seen in April.
The corporate mentioned final month it expects second quarter deliveries to be between 15,500 and 16,000 items.
Xpeng mentioned that it delivered a document excessive 3,797 items of its P7 sports activities sedan in Might. In January, the corporate started rolling out the next generation of its so-called ”advanced driver-assistance system” (ADAS) called XPilot 3.0 to P7 automobiles. Within the March quarter, the carmaker recorded revenue from the software for the primary time.
The Chinese language electrical automobile maker delivered 1,889 of its G3 SUV in Might.
In the meantime, China had a five-day Labor vacation in Might.
“May very well is a really difficult month for the trade, as a result of clearly we talked about there’s been a provide chain constraint on this chip scarcity. There’s additionally the vacations, the Might holidays imacted the supply for the primary half … of the month,” Brian Gu, president of Xpeng Motors, advised CNBC in an interview that may air Tuesday.
Nonetheless, regardless of the challenges, Might registered a really strong improve for the corporate, he mentioned.
“And in addition, I believe most fun to see is that renewed development of our P7 product,” Gu mentioned. “We see really a a lot stronger development of that in our gross sales combine, so that offers us the boldness of actually hitting our quarterly steerage and the numbers for this supply … for the second half.”
In April, Xpeng Motors launched a new sedan called the P5 which it mentioned could be delivered to clients within the third or fourth quarter of this 12 months.
Xpeng Motors is among the many rivals to Tesla in China, although it’s considerably smaller by way of supply numbers. Xpeng’s Might numbers come simply weeks after Tesla confronted one of its worst public relations storms in China.
As of Might 31, Xpeng’s year-to-date complete deliveries reached 24,173 items, representing a 427% year-on-year improve.