China Automobiles

China NEV Week 49 2021 Update: TSLA, NIO, XPEV Production, Deliveries

Thematic (Sector/Industry)
270 Views, 17 Dec 2021 07:48
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EXECUTIVE SUMMARY
  • We model GF3 production to reach 65+K, and Tesla Motors (TSLA US)  to delivery 45-50K onshore in December, China is to reach ~30+% global deliveries. 
  • We model NIO Inc (NIO US)  production to reach ~11K in December, Q4 deliveries are likely miss, without "manipulation"; 
  • Xpeng (XPEV US)  Zhaoqing factory production declines MoM, but Q4 deliveries are set to beat guidance due to stronger than expected G3i orders. 

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