Chinese electric vehicle (EV) makers posted a mixed bag of delivery results for July, with XPeng (XPEV) reporting record sales, while other major players such as BYD (BYDDF), Li Auto (LI), and Nio (NIO) saw month-over-month declines.
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Following this news, share prices for the EV makers were largely lower on Friday morning. Despite reporting the strongest month, XPEV stock dipped 1.5%. At the same time, Nio, Li Auto, and BYD stocks gave up 0.3%, 3.3%, and 1.6%, respectively.
XPeng’s Record Deliveries Driven by New Models
XPeng delivered 36,717 vehicles in July, marking a 229% year-over-year jump and a 6.1% increase from June. The success of its affordable Mona 03 sedan has been a major growth driver. Also, the company’s expansion into Europe and rollout of new models, such as the G6, G9, and P7+, helped fuel demand.
Further, XPEV’s advanced driver-assistance tech (XNGP) also saw strong adoption, with a monthly active user penetration rate of 86% in urban driving last month.
Li Auto Slips Sharply
Li Auto delivered 30,731 vehicles in July, down 15.3% from June and 39.7% year-over-year. The company’s July slump extended a months-long decline, raising concerns about its product lineup and market position.
While Li Auto launched the new Li i8 SUV at the end of July, deliveries will not start until late August, so it did not help boost July sales.
NIO Reports Mixed Results
Nio reported 21,017 deliveries, a 15.7% drop from June, but up 2.5% year-over-year. It marked NIO’s lowest monthly volume since March.
Importantly, the company recently launched the new ONVO L90 SUV, which sold out within hours. This boosted investor optimism and sent NIO stock up nearly 10%. Wall Street analysts say the ONVO brand is a smart way to meet middle-market demand and expand beyond luxury EVs.
BYD’s July Deliveries Fall
BYD delivered 344,296 vehicles in July 2025, marking just a 0.6% year-over-year increase and a 10.1% decline from June. Passenger BEV sales were down 14% sequentially but up 36.8% year-over-year to 177,887 units. Meanwhile, plug-in hybrid (PHEV) sales fell by 4.45% from June and 22.6% year-over-year to 163,143 units.
This raised concerns about its ability to meet its 5.5 million annual delivery target. The slowdown is partly due to weaker seasonal demand in China and growing regulatory scrutiny over steep discounts that have sparked a price war.
Which Is the Best EV Stock?
Using TipRanks’ Stock Comparison Tool, let us take a look at Wall Street’s ratings for the four EV stocks mentioned above. Analysts are optimistic with a “Strong Buy” consensus rating on BYDDF stock, whereas Li Auto and XPEV stocks have a “Moderate Buy” rating. NIO stock has a Hold. The average price target for these stocks indicates the highest upside potential of 55.49% for BYD.
