The Chinese competitors at Tesla have some bad news

The Chinese competitors at Tesla have some bad news ...

Tesla (TSLA) of Elon Musk is still the king of electric vehicle manufacturers, although its delivery and production results are still subpar.

Tesla's deliveries and manufacturing numbers for July are expected to arrive in the next day or so, but their totals for the month will likely be tens of thousands higher than those of its competitors.

Tesla reported an 18% decline in production for the second quarter, mainly due to the covid-19 epidemic in April, which carried on into May. However, Musk's company still produced and delivered more electric vehicles than any other company in the world in the first half of the year with 563,987 produced and 545,884. deliveries.

Nio

The Most EVs of Any Manufacturer is Delivered

Barron's reported that Chinese competitor BYD was in second place in the first half of the year with 323,519 electric vehicles. GM: Get General Motors Company ReportEV sales for the second quarter were only about 7,300, while Tesla reported 254,695 EVs being delivered and 258,580 produced in the second quarter of 2022.

Tesla's Chinese competitors Nio (NIO) - Get NIO Inc. American depositary shares each representing one Class A Report, XPeng (XPEV) - Get Li Auto (LI) - Get Li Auto Inc. Reporthave been posting some disappointing delivery results despite some encouraging year-over-year reports.

Rivals in China Struggle to Keep Up

According to statistics on their website, Nio delivered 10,052 electric vehicles in July, which was 22% lower than the 12,961 delivered in June, but 26.7% higher year-over-year.

TheStreet Recommends Others

Wendy's Has a New Weapon In The Fast Food Breakfast Wars

The Real Drama at HBO Max and Discovery is Waiting for the Next Cuts

Royal Caribbean Sees Big Changes and Receives Good News Beyond Covid

NIO released its ES7, a new mid-size five-seat smart electric SUV that is the first SUV to integrate NIO's latest technology platform Technology 2.0. The 2022 ES8, ES6 and EC6 are all equipped with an enhanced digital cockpit domain controller and sensing suite, increasing the vehicle's computing and perception capabilities as well as the digital experience in August.

According to the company's website, XPeng delivered 11,524 electric vehicles in July, which was 24% lower than the 15,295 it reported in June. It has delivered 80,507 vehicles in the first seven months of 2022, a 108% increase year over year.

The company announced that it would begin accepting orders for its new G9 SUV in August, with an official launch in September.

Li Auto, based in Beijing, said it delivered 10,422 electric vehicles in July, compared to 13,024 in June. The company said it achieved a 21.3 percent increase year over year in July.

According to a company statement, the company's first electric vehicle Li One reached its 200,000th milestone since its production began in 2019.

Since its unveiling on June 21, Li Auto's second model, the company's flagship smart SUV, Li L9, has received over 30,000 non-refundable orders.

Although China has had regular covid lockdowns this year, none of the three Chinese electric vehicle companies gave a reason for the decline in deliveries in July vs. June.

You may also like: