The Chinese automakers have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand.
Automakers like BYD, Leapmotor and Xiaomi have surpassed their annual delivery targets a month early as the year draws to a close.And amid China’s price war, Tesla has slashed Model Y prices by 10,000 yuan to 239,900 yuan through Dec. 31.have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand as the year comes to a close.504,003 passenger vehicles in November, up from last month's 500,526.
For the full month of November, the Chinese phonemaker company delivered more than 20,000 cars for the second consecutive month this year. Xiaomi has revised its target to 130,000 deliveries by the end of the year.This month's deliveries brings its full year's deliveries to 194,933 — only slightly short of its full-year delivery target of 230,000 vehicles.Mona M03 in late August with prices starting at $16,812, while Tesla's cheapest car, the Model 3, starts at 231,900 yuan .
Nio will also launch its Firefly brand on Dec. 21, CEO William Li said in the same call. Co-founder and president Qin Lihong confirmed toNio's full-year delivery target for 2024, derived from quarterly guidance, ranges from 218,000 to 227,000 deliveries. Per CNBC's calculations, Nio has delivered a total of 190,832 cars year-to-date.
The company shared plans to double electric car deliveries next year in the earnings call, with a target of 20,000 Onvo cars per month by March 2025., whose cars mostly come with a fuel tank to extend the battery's driving range, delivered 48,740 cars in November, down 5.25% from October's deliveries. As of end-November, the company delivered 441,995 cars out of its annual goal of 480,000.announcedby 10,000 yuan for its Model Y through Dec. 31.
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