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China NEV start-ups set to do battle as each passes production goal

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Chinese new energy vehicle (NEV) start-up Nio shows its ec6 model at the 2020 Beijing auto show. CHINA DAILY

China NEV start-ups set to do battle as each passes production goal

The forerunners of Chinese new energy vehicle (NEV) start-ups are estimated by insiders to dash into a full competition stage, as they have each rolled off or delivered their 10,000th model, which is regarded as a market confidence threshold.

Chinese NEV maker Xpeng rolled its 10,000th P7 model off the production line on October 20. It took less than 160 days from the launch of the first P7 in May.

“The rolling off of the 10,000th P7 not only demonstrates our self-built intelligent factory in Zhaoqing [in Guangdong province] has met the requirements of efficient production, but also shows that our flagship product the P7 has been well received by our customers,” said Xpeng founder He Xiaopeng, as reported by auto portal Gasgoo.

Li Auto, also known as CHJ Automotive, announced on October 18 that it had delivered more than 20,000 Leading Ideal One models to customers.

From December last year, it took the NEV start-up 10 months to deliver 20,000 vehicles.

China’s leading NEV maker, Nio, achieved a delivery of 10,000 units earlier than both the two rival automakers.

Statistics show that by the end of 2018, Nio delivered 11,348 units of its ES8 sport utility vehicle.

China’s top-tier NEV makers also achieved delivery growth last month.

Nio delivered 4,708 cars last month, up 133.2 per cent year-on-year, which is also a record high for the automaker in terms of monthly deliveries.

In the first three quarters this year, Nio delivered 26,375 cars, an increase of 113.7 per cent from the same period last year.

Xpeng delivered 3,478 vehicles last year, up 145 per cent year-on-year, marking a record high of its monthly deliveries in 2019.

Li Auto delivered 3,504 of its Leading Ideal One cars last month, up 29.3 per cent month-on-month.

According to industry experts, Nio, Xpeng and Li Auto, which have crossed the threshold of 10,000 delivered vehicles, will compete in fields including services, marketing channels and technologies.

As a follow-up move after getting a seven billion yuan ($1.04 billion) investment from the Hefei government in April, Nio opened its China headquarters in the capital city of East China’s Anhui province on October 9.

The NEV maker is ramping up its efforts to promote not only its core businesses – including research and development, supply chain and sales and services – but infrastructure development such as charging piles and power charging facilities.

By the end of August, the number of Nio’s charging piles in China had reached 1,326.

Li Auto is accelerating its development of technology and marketing channels.

The start-up reached a cooperation agreement with Nvidia, a world leader in computer technology, and the automobile electronics supplier Desay SV last month.

Based on the tripartite strategic cooperation, Li Auto will independently conduct automatic driving programming and algorithmic logic setting, in an attempt to become the first NEV maker in China to fully develop a Level 4 autonomous driving system.

At the end of last month, Xpeng started the construction of an intelligent automobile plant in Guangzhou, Guangdong province.

The intelligent plant is expected to be completed and put into operation by the end of 2022.

The plant will be used for Xpeng’s research and development of new models, vehicle production, sales and smart mobility testing.

CHINA DAILY/ASIA NEWS NETWORK

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