On this charming article, we delve into XPeng vs. NIO Gross sales Tendencies — Charts, a masterpiece crafted by Zachary Shahan and revealed on 2024-01-05 21:12:27. Discover the world of Auto Excellence and uncover what units Autoxyon aside.
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Who’s profitable within the younger Chinese language good EV startup competitors? It’s sophisticated. The humorous factor is how related NIO’s and XPeng’s development charts look. In fact, there are clear variations too, however total, their gross sales charts over the previous 4 years appear like shut cousins.
Beginning with the yearly view, NIO began a bit forward of XPeng in 2020, then fell a bit bit behind in 2021, then rose barely above XPeng once more in 2022, after which had a notably sturdy yr in 2023. Even in 2023, although, NIO was simply 13% above XPeng. However the yearly view additionally hides some issues.
Trying on the quarterly gross sales charts for the 2 corporations, we will see that XPeng shot properly above NIO within the 4th quarter. NIO had a transparent file third quarter — much more gross sales than both firm had ever scored in a single quarter — however then XPeng adopted up its second greatest quarter ever with a brand new file properly above NIO’s. After the dips in Q1 and Q2, although, one has to surprise what’s coming in Q1 and Q2 of 2024. Will the sturdy gross sales developments proceed? Or will there be one other notable drop-off to start out the yr?
Additionally, will each corporations comply with related developments once more? Or will they cut up off and go their very own methods?
Trying on the gross sales charts on the month-to-month degree doesn’t essentially change the story, however it does add some nuance, exhibiting that XPeng had three stable gross sales months in a row at about the identical degree on the finish of 2023, much like what NIO achieved within the first two months of Q3 2023. Basically, although, each corporations had a really good rise in gross sales within the second half of 2023. Any predictions on what 2024 and 2025 will convey? (And in case you’re actually daring, take us into 2030 along with your forecasts!)
Interactive variations of the charts above could be considered and toyed with right here:
You too can view interactive variations of XPeng gross sales and NIO gross sales on their very own right here:
All photos by CleanTechnica
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