TMTPost -- The American Depositary Receipts (ADRs) of Zeekr Intelligent Technology Co., Ltd., crashed 9.4% on Thursday. U.S.-traded shares of Nio Inc., Xpeng Inc. and Li Auto Inc. slumped around 8.6%, 5.3% and 1.9%, respectively. Chinese electric vehicle (EV) makers also saw shares selloff after a number of them posted sequential decline in deliveries during the past month.

Credit：Zeekr Weibo

Zeekr said it delivered 15,655 vehicles in July, marking a 30% year-over-year (YoY) decline, but the delivery volume dropped 22% from a month record it set a month ago. Zeekr refreshed its record again with a delivery of 20,106 vehicles in June with a 89% YoY increase. That was the first time for the startup under Volvo’s owner Zhejiang Geely Holding Group to ship more than 20,000 units in a month, and the new record was 8% higher than the previous one set in May. It took Zeekr just 33 months to achieve a 300,000-unit delivery mark, setting a new record among Chinese full-electric brands.By the end of July, Zeek's cumulative deliveries had reached 300,158 EVs.

Zeekr became the best seller among Chinese full-electric brand priced above RMB200,000 this year as it delivered 87,870 vehicles in the first six months, more than doubling from a year ago with a 106% YoY increase. As of July, Zeekr has delivered 103,525 vehicles in 2024, representing a 89% YoY increase. The Zhejiang-based company officially launched its luxury flagship MPV Zeekr 009 on July 19 and commenced deliveries on July 22. It received more than 6,000 preorders in ten days since the launch of Zeekr 009.

Nio shipped 20,498 vehicles in July. That is the third straight month for the EV company to deliver more than 20,000 units. The latest delivey represented a 43.85% YoY increase while a 4% month-over-month (MoM) decrease. Great Wall Motor sold 24,145 new energy vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), representing a 4% MoM decrease in July. The delivery of Seres, a EV brand under Seres Group fell 4% MoM to 42,176 units in July despite a more than five-fold YoY increase.

With a 7% MoM increase in delivery, Li Auto became one of Chinese EV manufacturers that maintained positive growth. The Beijing-headquartered company said it delivered 51,000 vehicles in July, breaking its monthly record with a 49.4% YoY increase. “Li L6 sustained its robust sales performance with monthly deliveries continually exceeding 20,000, and has become a blockbuster model in the RMB200,000 to RMB300,000 price range,”the Chairman and CEO Li Xiang said. “With the rollout of OTA versions 6.0 and 6.1 in July, Li L series and Li MEGA have undergone major upgrades, achieving comprehensive enhancements in product strengths across autonomous driving, smart space, and smart electric features.”

Xpeng‘’s delivery in July rose 4% MoM to 11,145 EVs, edging up 1% from a year ago. Out of the deliveries in July, 1,459 were X9s, Xpeng’s first full-electric MPV (Multi-Purpose Vehicle) model. X9’s cumulative deliveries thus totaled 14,602 units since its launch in January, extending its leadership of both the all-electric MPV and three-row model segments in China. Xpeng delivered 63,173 Smart EVs in the first seven months of 2024, a 20% increase from last year.

BYD Co. Ltd, China’s top NEV maker, sold 342,383 vehicles in July, suggesting a 30.6% YoY increase. With a 0.2% MoM increase, BYD narrowly refreshed its monthly record a month earlier. July is the fifth month for BYD to return to monthly sales of more than 300,000 units to the year date. June saw the company for the first time broke its monthly sales record this year.