On January 1st, several new car companies in the automotive industry announced their new car delivery for December 2023 and the whole year. Overall, the companies achieved outstanding results. Among them, Ideal Car broke the monthly sales record with over 50,000 vehicles, AITO and Xiaopeng also exceeded 20,000 vehicles in monthly sales, and new car companies such as NIO, Leapmotor, and Jinko also showed strong delivery performance. Ideal Car December sales: 50,353 vehicles According to Ideal Car’s December 2023 new car delivery results, a total of 50,353 new cars were delivered, a year-on-year increase of 137.1%, achieving the goal of selling 50,000 vehicles per month. In 2023, Ideal Car delivered a total of 376,030 new cars, a year-on-year increase of 182.2%, exceeding the annual target of 300,000 vehicles. As of December 31, 2023, Ideal Car has delivered over 600,000 vehicles.
After entering 2023, the Ideal L series models launched by Ideal Cars continue to climb in sales, from monthly sales of 20,000 to 30,000, then to 40,000 and even pushing for 50,000 monthly sales, breaking records multiple times in a year. In response, Ideal Cars founder Li Xiang stated that starting from June 2023, Ideal Cars’ SUV sales surpassed BBA, becoming the luxury car brand with the highest SUV sales in the Chinese market. The support and recognition of over 600,000 users continue to drive Ideal Cars’ in-depth research and development in the areas of products, platforms, and systems. At the same time, since the delivery of the Ideal L series, there have been over 20 OTA upgrades, especially the OTA 5.0 officially released in December, adding 145 functions and optimizing 100 experiences, achieving a comprehensive evolution of intelligent driving and intelligent space. In addition, Ideal Cars’ first pure electric MPV – Ideal MEGA will be launched and delivered on March 1st this year, allowing users to pick up the car without waiting. Previously, Ideal MEGA has already started blind bookings. The new car is built on an 800V platform, equipped with 5C Kirin batteries, with a comprehensive range of 710 kilometers, charging for 9 minutes and 30 seconds for a range of 400 kilometers, and a price of no more than 60,000 yuan (8460$).
With the release of the full-year market performance, Li Xiang, Chairman and CEO of Ideal Cars, also announced the targets for 2024. Li Xiang stated that the 2023 targets were all achieved: 376,000, 50,000, 20,000, 300. The 2024 targets are even higher: 800,000, 100,000, 30,000, 2,000. Based on the 2023 numbers, it can be inferred that Ideal Cars’ full-year delivery target for 2024 is 800,000 vehicles, with a monthly delivery volume of 100,000 vehicles, monthly delivery volume per model of 30,000 vehicles, and an increase in supercharging station construction to 2,000. Previously, Ideal Cars executives also stated that there is a high target driving the 2024 goals, hoping to challenge the top spot in luxury brands next year and become the preferred brand for households with a price of over 200,000 yuan (28200$), regardless of energy form. With the launch of Ideal MEGA, Ideal Cars has officially embarked on a dual technology route of “pure electric + extended range” development. GAC Aion December sales: 45,947 vehicles Data shows that GAC Aion’s December 2023 sales were 45,947 vehicles, a 53% year-on-year increase. The full-year sales for 2023 exceeded 480,000 vehicles, a 77% year-on-year increase. Additionally, the official statement indicates that GAC Aion has produced and sold over 1 million vehicles since its production in April 2019.
According to the plan, GAC Aion’s sales target for 2023 is to maintain 500,000 vehicles and strive for 600,000. If we calculate based on the target of 500,000 vehicles, GAC Aion’s completion rate in 2023 will be 96%. This achievement is already very good in the face of such a competitive car market. From the product structure perspective, AION S and AION Y are Aion’s two main models, they are deeply loved by the online car-hailing market due to their large interior space and reliable quality. However, in recent years, the online car-hailing market has gradually become saturated. Since 2023, GAC Aion has focused its core business on the Haobo brand and has successively released three new models within six months, including the Haobo GT coupe, the Haobo HT SUV, and the million-level supercar SSR. However, the Haobo brand has not been able to fill the monthly sales gap of Aion. Recently, GAC Aion announced the completion of the Pade intelligent battery ecosystem factory. The project started at the end of last year with a total investment of over 10 billion yuan. Its completion and production reflect the important position of supply chain security in GAC Aion’s strategy. Once self-produced batteries, the cost of GAC Aion’s batteries is expected to further decrease. Entering the era of dual brands, GAC Aion is walking on both the low-end and high-end markets, while also synchronously laying out the overseas market. Overall, this will bring new sales growth opportunities for the brand. AITO Wanjie December sales: 24,468 vehicles Data shows that Huawei’s Hongmeng Intelligent Drive’s AITO Wanjie series delivered a total of 24,468 new cars in December 2023, a month-on-month increase of 29.96%. The total number of new cars delivered in 2023 is 48,552. The AITO Wanjie series has delivered a total of 94,380 cars in its history, with only one step away from 100,000 cars. Among them, the new M7 delivered 20,611 units in December, with a total of 94,380 units delivered throughout 2023. The official statement indicates that the cumulative orders for the new M7 have exceeded 120,000 units, with a significant sales driving effect for the Wanjie series.
At the same time, AITO is continuously improving its delivery capability in order to deliver the new car to customers as soon as possible. It is expected that the monthly delivery capability will reach 30,000 vehicles starting in 2024. In addition, another boost for the AITO series is the AITO M9, which was launched on December 26, 2023. The official statement indicated that the car had already received over 30,000 orders in just seven days, and the order quantity is expected to continue to grow at this pace. The AITO M9 is equipped with Huawei’s top ten black technologies, has a full-size versatile space comparable to an MPV, and its intelligent capabilities and technological content are “far ahead,” giving AITO the confidence to claim that “the AITO M9 is the best SUV under 10 million.” Currently, the AITO series includes two new models, the M7 and M9, which have had a significant impact on the Ideal L series. According to the plan, AITO’s annual sales target for 2024 is 600,000 vehicles. In terms of new models, the new AITO M5 will be launched in the first half of next year, and the all-new model AITO M8 will be launched in the second half of the year, showing the brand’s strength in the high-end intelligent automobile market. Xiaopeng Motors December sales: 20,115 vehicles Data shows that Xiaopeng Motors delivered 20,115 new vehicles in December 2023, breaking the 20,000 mark for three consecutive months, with a year-on-year growth of 78%. The total delivery volume for Xiaopeng Motors in 2023 was 141,601 vehicles, a 17% increase year-on-year, and the historical cumulative delivery volume of Xiaopeng Motors has exceeded 400,000 vehicles.
From the product structure of Xiaopeng Motors, the Xiaopeng G6 is the main sales force, performing well since its launch. In addition, the Xiaopeng G9 is also starting to increase in sales, along with the Xiaopeng P7i. On January 1st, Xiaopeng Motors’ first MPV, the Xiaopeng X9, was officially launched and began delivery. The new car is the flagship model built on the FLA architecture, equipped with core FLA architecture technologies such as full-range 800V, front and rear integral aluminum die-casting, and XNGP. It is the world’s only MPV model with standard rear-wheel steering, priced at 359,800-419,800 yuan (59200$). At the Xiaopeng X9 launch event, Xiaopeng Motors officially announced the progress of XNGP intelligent assisted driving. After opening up in 27 cities last week, it now covers a total of 191 cities, with a cumulative coverage of 243 cities. The OTA 4.5.0 version will be successively pushed to the Xiaopeng G9, G6, and P7i models. In this Xmart OS 4.5.0 public beta OTA, XNGP has not only added 27 cities not covered by high-precision maps, but also improved the driving assistance experience for navigation in cities without high-precision maps, including various scenarios such as highways, urban expressways, and city roads. Since 2023, Xiaopeng Motors’ sales have not increased significantly in the first half of the year. In the second half of the year, with the increase in sales of the Xiaopeng G6 and the launch of the new Xiaopeng G9, market performance has improved. By continuously strengthening the “intelligent” label, Xiaopeng Motors has completed the layout and application of navigation assistance functions in 52 cities without high-precision maps. Lingpao Motors December sales: 18,618 units Data shows that Lingpao Motors delivered a total of 18,618 new cars in December 2023, a year-on-year increase of 119%, setting a new delivery record, and remaining basically flat compared to the previous month. Lingpao Motors’ cumulative delivery for 2023 was 144,155 units, a year-on-year increase of over 29%, and has delivered over 300,000 units since its establishment.
Looking at the December sales performance, Lixiang Automobile did not break through the 20,000 mark. Although the delivery data for specific models has not been announced, it is likely that the Lixiang C11 is still the main delivery model, especially after the launch of the extended-range version, which is also the main contributor to Lixiang’s positive gross profit margin. On December 30, Lixiang Automobile announced a new round of OTA updates for its C11 and C01 models. This OTA is the most feature-rich and involves the most models and users in Lixiang’s history. After the update, the Lixiang C11 will have 34 new/optimized features, and the Lixiang C01 will have 33 new/optimized features, affecting over 160,000 vehicles. According to Lixiang Automobile’s plan, the first global model, C10, will start pre-sales on January 10 and is expected to complete a series of actions such as store opening, launch, and delivery in the first quarter. January 10 will also be Lixiang’s global self-developed open day. The Lixiang C10 is equipped with the latest LEAP3.0 architecture, featuring a cloverleaf central integrated electrical architecture, CTC2.0 battery chassis integration technology, a new electric drive platform, and various functions brought by the new smart cockpit and hardware. In addition, the C10 offers extended-range/pure electric power, and the front of the car is equipped with a laser radar, expected to have advanced assisted driving capabilities. According to Lixiang Automobile’s founder and chairman Zhu Jiangming’s public letter on the 8th anniversary, Lixiang Automobile’s sales target for 2024 is 300,000 to 400,000 vehicles. The first global strategic model, C10, will be launched in 2024, followed by the C16 in the middle of the year, and more new products in the second half of the year. NIO Automobile December sales: 18,012 vehicles Data shows that in December 2023, NIO delivered 18,012 new vehicles, a 13.9% year-on-year increase. In 2023, NIO delivered a total of 160,038 new vehicles, a 30.7% year-on-year increase, accounting for 64% of the 250,000 sales target. As of December 31, 2023, NIO has delivered a total of 449,594 new vehicles.
In 2023, NIO faced significant production and delivery pressures in the first quarter due to product platform switching, factory line adjustments, and preparations, resulting in slow sales growth. However, with the completion of the NIO model platform switch, NIO’s sales will gradually improve from the second quarter, with the rapid expansion of the charging and battery swapping system and the iterative upgrade of smart driving technology becoming key factors in significantly increasing NIO’s sales. Starting in July, NIO’s monthly sales deliveries reached 20,000 vehicles, with deliveries gradually recovering in August. Sales reached 16,000 vehicles in November, a year-on-year increase of 12.6%, and exceeded 18,000 vehicles in December, showing overall positive development. Recently, NIO has made new moves in the battery swapping field with traditional car companies, signing battery swapping cooperation agreements with Changan Automobile and Geely Holding. The two parties will collaborate in establishing battery swapping standards, building a battery swapping system, establishing a battery asset management mechanism, and conducting pre-research on battery swapping products to jointly promote high-quality development and low-carbon transformation in the automotive industry. In addition, at the 2023 NIO Innovation Technology Day, NIO CEO William Li revealed that the new entry-level brand, Alps, will be launched in the second half of 2024, supporting various “driver-car connectivity” functions provided by the new NIO Phone. The recently popular NIO ET9 has been officially released, with a pre-sale price of 800,000 yuan (112810$) and deliveries scheduled to start in the first quarter of 2025, still some time away from mass production. However, this car is expected to reshape the new energy executive flagship landscape. According to Li Bin, NIO will not have any new product deliveries in 2024, and there is still much to do in order to strive to enter the top 10 global car companies by 2035. JiXuan Automobile December sales: 13,476 vehicles Data shows that JiXuan Automobile delivered 13,476 new vehicles in December 2023, an 18.9% year-on-year increase, with consecutive record-high deliveries and order volumes in November. The cumulative delivery volume for 2023 reached 118,685 vehicles, a 65% year-on-year increase. As of now, JiXuan has delivered over 190,000 new vehicles.
In December 27th last year, the Jike 007 was officially launched, with a new car price of 209,900-299,900 yuan (42290$). The official said that this car is the king of the 800V era pure electric car, with the fastest acceleration, longest endurance, and fastest charging, and is called the king of the new energy market. According to official data from Jike, from the start of pre-sale to the official launch, a total of over 50,000 orders were received in 40 days. In terms of channels and replenishment, Jike has established 341 direct-operated stores nationwide. A total of 432 Jichong stations have been completed. By 2024, the total number of Jichong stations is expected to reach 1,000, and by 2026, the total number of Jichong piles is expected to reach 10,000. In addition, Jike’s layout in overseas markets is also gradually underway. In December 2023, the first European version of Jike 001 was delivered, and Jike also signed agreements with partners in Israel to enter the four countries of the Gulf of the Middle East, and officially launched in Kazakhstan. The overall performance in the overseas market is very good. At present, Jike has “designated” the 007 as the main model. In terms of price and product strength, this car has strong competitive strength. In addition to the Jike 001, Jike 009, and Jike X currently on sale, there is also the performance supercar Jike 001 FR based on the Jike 001, and it is expected that the sales volume will increase significantly later. Lantu Automobile December sales: 10,017 vehicles On January 1st, Lantu Automobile released the latest sales data showing that 10,017 new cars were delivered in December 2023, setting a new historical high, an increase of 479% year-on-year. Among them, the Lantu Dreamer sales exceeded 5,000 vehicles; in the whole of 2023, Lantu accumulated sales of 50,552 vehicles, an increase of 160% year-on-year.
According to the data, Lantu Motors has seen a continuous increase in monthly sales for 7 consecutive months starting from June 2023. The brand’s total sales for the year have exceeded 50,000 vehicles, successfully achieving the annual target. Lantu Motors CEO, Lu Fang, said, “With the accelerated iteration and upgrade of Lantu products, both supply and demand are strong, and the momentum of production and sales is good.” Looking at the performance in 2023, Lantu Motors has seen a rapid increase in sales since March, with monthly sales surpassing 3,000 vehicles and continuing to rise, which is related to the intensive product launches. In 2023, Lantu Motors fully updated its product lineup, with the Lantu Chasing Light launching in April, the new Lantu FREE in August, the new Lantu Dreamer in October, and the Chasing Light PHEV in December. With so many product launches in just one year, it is evident that Lantu’s response speed is impressive. Previously, Lantu Motors’ Assistant General Manager and Sales Company Head, Shao Mingfeng, stated that delivering 10,000 vehicles in 2024 is just the beginning, and they will set challenging targets to further establish Lantu’s position in the market. Regarding future plans, Lu Fang also revealed that Lantu will rapidly replicate its system capabilities in the coming years, developing and producing more products to serve more users, hoping that within 3-5 years, Lantu will truly become a well-known brand. Nezha Motors December Sales: 5135 vehicles The latest data shows that Nezha Motors delivered 5135 new vehicles in December 2023, a decrease of over 34.1% year-on-year and a 58.9% decrease from the previous month. It is the only new force in the automotive industry to experience a sharp decline in sales. According to official information, Nezha Motors delivered a total of 127,500 vehicles in 2023, a cumulative year-on-year decrease of 16.16%. Among them, overseas sales exceeded 20,000 vehicles, a 567% year-on-year increase.
In Nezha Auto’s 2024 New Year speech, Nezha Auto CEO Zhang Yong stated that they will continue to strengthen the overseas market. In terms of manufacturing, Nezha Auto will accelerate the planning and establishment of factories in Indonesia, the Middle East, Europe, and the Americas, shifting to an innovative trade + local manufacturing model to help achieve the overseas market sales target from 2024 to 2026. In other words, Nezha Auto’s focus is shifting from “manufacturing” to “technology services,” with a current emphasis on the overseas market. It is reported that Nezha Auto will bring at least 4 global models to more countries and regions in 2024, and achieve simultaneous sales of 8 products at home and abroad in 2025, aiming to enter the overseas market with a sales target of 100,000 vehicles in the coming year. In terms of distribution, Nezha Auto will also accelerate the layout of overseas channels in the Middle East, South America, Western Europe, and other regions, focusing on direct sales with a coverage of five continents and 50 countries, with over 500 overseas channels. Nezha Auto previously stated that the company has planned 7 overseas products, including sedans, SUVs, and station wagon models, covering mainstream submarkets from A to E, while also developing left-hand and right-hand drive models. In summary, in the context of year-end sales, new energy vehicle companies achieved impressive results in the last month of 2023, bringing a satisfactory conclusion to the year. As we enter 2024, competition in the automotive industry will intensify, and with the acceleration of industry reshuffling, the new energy vehicle market will inevitably undergo new changes.