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I coated XPENG’s and NIO’s great December, 4th quarter, and overall 2024 sales results yesterday. It was a wonderful 12 months for these two pure EV Chinese language startups, and particularly a wonderful finish of 12 months for them. Now, I need to dive into their long-term gross sales tendencies. Observe: I think about neither firm likes that I lump them collectively for articles like these, but it surely simply appears pure when taking a look at how carefully their gross sales tendencies have tracked over the previous a number of years.
NIO & XPENG Annual Gross sales — 2020–2024
Beginning with annual gross sales over the previous 5 years, let’s have a look at the NIO and XPENG charts to kick issues off.
The charts look so comparable it’s loopy. However these are completely different scales. How do they examine on the identical chart? I’m glad you requested.
On one mixed chart, we are able to see that NIO has been a bit forward of XPENG for the previous few years. Nevertheless, general, they nonetheless look extraordinarily comparable. And we should always word right here too that the gross sales development every of them has seen is wonderful. It’s excellent development 12 months over 12 months, and in case you simply return to 2020 and examine that to 2024, holy cow, what development! Even evaluating to 2021, the businesses’ gross sales stage in 2024 was an enormous step up.
I believe it’s secure to say that just about any firm would like to see development like that throughout 5 years.
NIO & XPENG Quarterly Gross sales — 2020–2024
Let’s drill right down to the quarterly stage to take a look at issues in a considerably extra granular manner.
We are able to see right here that issues are lots bumpier — much more up and down — when taking a look at issues on a quarterly foundation. That’s particularly the case with XPENG, which had a sharper rise, after which a sharper drop, after which a giant spike for half a 12 months earlier than one other steep drop, after which an excessive spike once more on the finish of 2024. NIO’s ups and downs are extra moderated, but it surely additionally had its personal three durations of spiking gross sales, punctuated by its greatest quarter ever on the finish of 2024 (truly, the 2nd, third, and 4th quarter have been every successively the corporate’s greatest quarter ever).
Provided that the Chinese language New Yr results in a major drop in auto gross sales in China, we are able to count on a dip within the 1st quarter of 2025. If we don’t see one, although, that may be an especially good outcome for the businesses. Both manner, although, 2025 appears vibrant.
NIO & XPENG Month-to-month Gross sales — 2020–2024
Alright, now we’re going to get very granular. Is there something to study from taking a look at these firms’ gross sales tendencies throughout 5 years on a month-to-month foundation?
For my style, there’s a bit an excessive amount of noise there. I like taking a look at these charts, however there’s not way more to make from them than what I already mentioned with the quarterly charts.
Total, I simply love taking a look at this EV development from pure EV startups which might be producing excellent “smart electric cars” and scaling up manufacturing 12 months after 12 months. It’s what we need to see.
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