Nio & Xpeng Deliveries Update

Nio Inc (NIO.us)

The firm delivered 10,878 vehicles in November [1], marking an impressive rise of 105.6% year-over-year (y/y) - rebounding from the disappointing 3,667 cars it had delivered in the preceding month [2].

The company's five-seater high-performance premium SUV, the ES6 had the lion's share with 4,713 deliveries, while the fourth and latest model – the ET7 premium sedan – was not part of these figures, since it is expected for delivey in 2021.

Nio celebrated its seventh anniversary in November and cumulative deliveries of the ES8, ES6 and EC6 have reached 156,581 as of November 30 2021.

At the beginning of the previous month, it had released its financial results for the third quarter of the year [3], reporting Total Revenues of more than RMB 9.805 billion. This constituted a massive 116.6% y/y growth and 16.1% compared to Q2 2021. Despite that, the firm projected uninspiring guidance regarding Deliveries and Revenues, for the last quarter of the year.

NIO.us runs a mixed week so far, shedding roughly 3% yesterday, following its solid start to the week.

Given today's good results, it can push for fresh weekly highs (41.48), but new catalyst may be required for bigger rise past November's high (44.34).

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On the other hand, the last few days have not been kind for NIO.us and it is vulnerable to sub-37.00 moves that will expose it to 33.10.


Past Performance: Past Performance is not an indicator of future results.

XPeng Inc (XPEV.us)

The company registered a staggering 270% year-over-year (y/y) increase, having delivered 15,613 vehicles in November [4].

The P7 sports sedan came on top with 7,839 deliveries, while deliveries of the P5 family sedan - launched in September – rose to 2,154 units. XPeng's cumulative deliveries as of end of November, stood at 121,953.

On November 12, the firm had unveiled its new flagship smart SUV, the G9. This is the fourth production model and XPeng plans to begin delivering it in the third quarter of 2022.

Last week, the firm had reported strong results for the third quarter, with Total Revenues in excess of RMB 5.719 billion. This marked a rise of 187.4% year-over-year (y/y) and 52.1% quarter-over-quarter (q/q). [5].

XPEV.us had surged after last week's financial results, but Friday was negative due to the risk-off wave, sparked by the Omicron news. On Tuesday, it rose more than seven 7%, to fresh levels not seen since January.

As broader sentiment is in a better place today, the solid delivery update can lead to a higher open and give XPEV.us the opportunity to break above 60.05. Selling pressure will find the first meaningful support at around 50.00 by the EMA100.


Past Performance: Past Performance is not an indicator of future results.

Nikos Tzabouras

Senior Market Specialist

Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.

With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.

References

1

Retrieved 01 Dec 2021 https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-provides-november-2021-delivery-update

2

Retrieved 01 Dec 2021 https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-provides-october-2021-delivery-update

3

Retrieved 01 Dec 2021 https://ir.nio.com/news-events/news-releases/news-release-details/nio-inc-reports-unaudited-third-quarter-2021

4

Retrieved 01 Dec 2021 https://ir.xiaopeng.com/news/news-details/2021/XPeng-Announces-Vehicle-Delivery-Results-for-November-2021/default.aspx

5

Retrieved 26 May 2022 https://ir.xiaopeng.com/news/news-details/2021/XPeng-Reports-Third-Quarter-2021-Unaudited-Financial-Results/default.aspx

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Past Performance: Past Performance is not an indicator of future results.

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