Key Takeaways
- NIO’s June vehicle shipments reached 40,597 units, marking a 63% annual growth, yet shares dropped 2.6% in early market hours
- Second quarter 2026 deliveries totaled 107,658 vehicles, representing a 49.4% yearly climb, pushing cumulative shipments to 1.18 million
- XPeng reported 40,126 June deliveries, a 16% YoY increase—shares climbed 2% before market open
- 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 declined 3% YoY amid weakening domestic demand
Despite announcing robust June 2026 delivery figures, NIO faced investor skepticism. Shares declined 2.6% during premarket hours Wednesday, even as the company revealed a substantial 63% year-over-year delivery increase.
The electric vehicle manufacturer shipped 40,597 units in June, representing an 8% sequential gain from May’s performance. Throughout the entire second quarter, NIO delivered 107,658 vehicles—marginally surpassing internal projections and climbing 49.4% compared to the same period last year.
Across its three brand portfolios—NIO, ONVO, and FIREFLY—the company has now achieved cumulative deliveries of 1,188,715 vehicles. The redesigned ES8 model has surpassed 120,000 lifetime deliveries, while the recently launched ES9 reached the 10,000-unit milestone within just 30 days of availability.
The share price decline suggests investors had already factored in positive results. NIO had gained 44% over the trailing twelve months heading into Wednesday’s session, indicating optimistic sentiment was already reflected in the valuation.
Three Major Chinese EV Makers Deliver 111,618 Vehicles in June
[[LINK_START_2]]NIO[[LINK_END_2]] had company in reporting solid performance metrics. Both XPeng and Li Auto released their June delivery data, with the trio collectively shipping 111,618 vehicles—a 16% year-over-year improvement and the strongest monthly growth since March.
XPeng’s June deliveries hit 40,126 units, climbing 25% from May and 16% versus last year. The company’s Q2 performance of 103,295 deliveries aligned perfectly with management guidance. XPeng shares gained 2% in premarket trading, diverging from NIO’s downward movement.
Li Auto presented a different picture. June deliveries totaled 30,895 vehicles, sliding 7% from the previous month and declining 15% year-over-year. While its Q2 figure of 98,330 units met expectations, weakening annual performance has pressured the stock—Li Auto has plunged 56% over the past year.
Year-to-date, these three automakers have collectively delivered 550,572 vehicles, representing approximately 7% growth compared to the first half of 2025.
BYD Shifts Focus to International Markets as China Demand Weakens
BYD reported June passenger vehicle sales of 397,292 units, with 201,472 being fully electric models. While overall vehicle sales increased 5% year-over-year, pure electric vehicle sales actually contracted 3%.
The automaker now exports approximately 40% of its production volume as Chinese domestic appetite softens. China’s overall new vehicle sales declined roughly 7% during the first quarter of 2026, according to Citi analyst Jeff Chung’s research.
BYD’s Hong Kong-traded shares weren’t active Wednesday due to a regional holiday. Prior to the break, the stock had fallen 24% year-to-date and 41% over the trailing twelve-month period.
On the innovation front, NIO deployed the newest iteration of its NIO WorldModel autonomous driving platform to over 700,000 registered users. The company claims industry-first status for simultaneously developing capabilities across both general-purpose and proprietary chip architectures.
