NIO, XPeng, and Li Auto Stocks Rally Following May Delivery Reports

Key Highlights

• NIO’s May vehicle deliveries reached 37,705 units, marking a 62% increase compared to last year, boosted by fresh SUV models
• XPeng’s May deliveries totaled 32,158 vehicles, showing 4% monthly growth but a 4% annual decline
• Li Auto shipped 33,350 vehicles in May, representing a 6% drop from the previous year
• The trio collectively delivered 103,213 units in May, achieving 6% annual growth
• NIO shares climbed 6.7% while XPeng gained 6.2% during Monday’s overseas trading session

On June 1, three prominent Chinese electric vehicle manufacturers unveiled their May delivery statistics, triggering a positive response in overseas markets as traders evaluated signs of momentum in China’s EV sector.

NIO emerged as the standout performer, delivering 37,705 vehicles during May—a remarkable 62.3% surge compared to the same month last year and a 28.4% increase from April figures. The company’s shares advanced 6.7%, bringing its 12-month gain to 61%.

NIO Inc., NIO

The May delivery total for NIO encompassed three distinct brands: 20,013 vehicles under the NIO nameplate, 12,029 ONVO models, and 5,663 Firefly units. For the year through May, deliveries totaled 150,526—a substantial 68.7% jump versus the comparable 2025 period.

This expansion was primarily fueled by robust consumer interest in the newly introduced ONVO L80 SUV and the ES8 model, which has maintained leadership in its market segment for five consecutive months. NIO additionally unveiled the ES9 executive SUV on May 27, commencing customer deliveries immediately thereafter.

To achieve its Q2 delivery target of 112,500 vehicles, NIO must ship approximately 45,000 units during June—representing more than 80% year-over-year expansion for that month.

XPeng Records Sequential Growth Amid Year-Over-Year Softness

XPeng reported May deliveries of 32,158 vehicles, reflecting a 4% uptick from April levels but a 4% decline versus May 2025. The stock appreciated 6.2% in overseas markets, although it remains 11% lower over the trailing 12-month period.

XPeng’s second-quarter forecast anticipates approximately 103,000 vehicle deliveries, requiring roughly 40,000 units to be shipped in June—a figure that would represent about 15% annual growth.

The manufacturer also highlighted that its electric vehicles delivered from January through May are projected to reduce lifecycle greenhouse gas emissions by over 2 million tons when compared to traditional internal combustion engine alternatives.

Li Auto Trails Competitors With Ongoing Sales Weakness

Li Auto registered the most subdued performance among the three, shipping 33,350 vehicles in May—down 2% from April and 6% below May 2025 levels. Its stock edged higher by just 1.2% in overseas trading and has declined 48% over the past year.

To satisfy its second-quarter projection of roughly 97,500 vehicles, Li Auto requires approximately 30,000 June deliveries—a figure that would mark a 17% year-over-year decrease.

Broader Industry Perspective

Collectively, the three manufacturers achieved 103,213 deliveries in May, representing a 6% annual increase. This performance unfolds against a backdrop where China’s overall new vehicle sales contracted approximately 7% during the first quarter of 2026, according to Citi analyst Jeff Chung’s research.

S&P 500 and Dow Jones futures advanced 0.3% and 0.5% respectively during Monday morning trading.

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