Three Chinese electric vehicle makers posted May delivery figures on June 1, sending their stocks higher in overseas trading as investors reacted to signs of recovery in China’s EV market.
NIO led the group with 37,705 vehicles delivered in May, a 62.3% jump year over year and a 28.4% rise from April. The company’s stock climbed 6.7% and is now up 61% over the past 12 months.
NIO’s May deliveries broke down into three brands: 20,013 NIO-branded vehicles, 12,029 ONVO units, and 5,663 Firefly units. Year-to-date deliveries reached 150,526, up 68.7% from the same period last year.
The growth was driven largely by strong demand for the new ONVO L80 SUV and the ES8, which has held the top sales spot in its segment for five straight months. NIO also launched the ES9 executive SUV on May 27, with deliveries starting the next day.
To hit its second-quarter delivery guidance of 112,500 vehicles, NIO needs to deliver around 45,000 units in June. That would represent more than 80% growth year over year for the month.
XPeng delivered 32,158 vehicles in May, up 4% from April but down 4% compared to May 2025. The stock rose 6.2% in overseas trading, though shares remain down 11% over the past 12 months.
XPeng’s second-quarter guidance calls for around 103,000 vehicles, meaning the company needs roughly 40,000 deliveries in June. That would be up about 15% year over year.
The company also noted that its EVs delivered between January and May are expected to cut lifecycle greenhouse gas emissions by more than 2 million tons compared to combustion engine vehicles.
Li Auto was the weakest of the three, delivering 33,350 vehicles in May, down 2% from April and down 6% from May 2025. Its stock edged up just 1.2% in overseas trading and remains down 48% over the past year.
To meet its second-quarter guidance of around 97,500 vehicles, Li Auto needs approximately 30,000 deliveries in June. That figure would be down 17% year over year.
The three companies combined for 103,213 deliveries in May, a 6% increase year over year. That comes as China’s overall new car sales fell about 7% in the first quarter of 2026, according to Citi analyst Jeff Chung.
S&P 500 and Dow Jones futures were up 0.3% and 0.5% respectively on Monday morning.
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