Xpeng More Than Triples Q2 Deliveries: Rivals Nio and Li Clock Moderate Growth

U.S.-listed Chinese EV makers Nio Inc. (NIO) and XPeng Inc. (XPEV) on Tuesday announced a jump in vehicle deliveries in the month of June, while deliveries by their counterpart Li Auto Inc. (LI) slumped.

Shares of Nio and Xpeng are up by about 1% in the pre-market session, as Li Auto shares are trading marginally lower.

Nio delivered 24,925 vehicles in June 2025, representing an increase of 17.5% year-over-year, supported in part by the company’s recently launched Firefly brand. Deliveries in the month consisted of 14,593 vehicles from the premium brand NIO, 6,400 vehicles from the family-oriented electric vehicle brand ONVO, and 3,932 vehicles from the small, high-end electric car brand FIREFLY.

XPENG, meanwhile, delivered 34,611 Smart EVs, representing a year-over-year increase of 224%, marking the eighth consecutive month that deliveries have exceeded 30,000 units.

Li Auto, meanwhile, delivered 36,279 vehicles in June 2025, down from the 47,774 it delivered in June 2024.

However, deliveries in the three months from April through the end of June increased for all three EV makers, with XPeng recording a year-on-year increase of 242% to 103,181 units while Li Auto and Nio recorded 2.3% and 25.6% growth, respectively.

XPeng, however, failed to take over Li Auto as the leader among the trio. Li Auto recorded 111,074 deliveries in the quarter.

On Stocktwits, retail sentiment surrounding Li Auto, Nio, and XPeng is trending overwhelmingly in the ‘bullish’ territory.

XPEV stock has surged 51% this year, while LI stock jumped 13%. NIO stock, however, is down by about 21% in the period.

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