Three major Chinese electric vehicle manufacturers released their May delivery figures on June 1, leading to notable stock movements in overseas trading. NIO led the pack with 37,705 vehicles delivered, a 62.3% increase year-over-year and a 28.4% rise from April. The strong performance was fueled by demand for new SUV models like the ONVO L80 and the ES8, with NIO also launching the ES9 executive SUV on May 27. NIO’s year-to-date deliveries hit 150,526, up 68.7% from the same period last year.
XPeng delivered 32,158 vehicles in May, a 4% month-over-month gain despite a 4% annual decline. The company needs roughly 40,000 deliveries in June to meet its second-quarter guidance of around 103,000 units. Li Auto lagged, with 33,350 deliveries, down 2% from April and 6% from May 2025, and its stock edged up just 1.2%. Combined, the three companies delivered 103,213 vehicles, a 6% year-over-year increase, against a backdrop of weak overall auto sales in China.
NIO’s stock rose 6.7%, and XPeng climbed 6.2% on Monday. Technical analysis suggests a cup-and-handle pattern on NIO’s chart, with a breakout target of $9.63 if it clears the $7 resistance level. While the news lifted Chinese EV stocks, it had no direct impact on the cryptocurrency market.
