Chinese electric-vehicle makers NIO, Li Auto, and XPeng posted strong sales in June, while growth at leader BYD has stalled. Overall, Chinese EV sales look stable, which is good for the industry, including Tesla, after a rocky start to the year.

Combined, NIO, Li, and XPeng delivered 111,618 cars in June, up 16% year over year. It was the strongest monthly growth since March. So far this year, the trio has delivered 550,572 cars, up about 7% year over year.

Delivery growth is good. Any sign of stability in the world's largest market for new cars and EVs is welcome. Things haven't been going well so far in 2026. Overall, new car sales in China dipped about 7% in the first quarter, according to data tracked by Citi analyst Jeff Chung.

XPeng reported vehicle deliveries of 40,126 in June, up 25% month over month and up 16% year over year. For the second quarter, XPeng delivered 103,295 cars, very close to the company's guidance.

XPeng stock rose 2% in premarket trading on Wednesday, while S&P 500 and Dow Jones Industrial Average futures were down about 0.2%. Coming into Wednesday trading, XPeng stock was down 27% over the past 12 months.

NIO delivered 40,597 vehicles in June, up 8% month over month and 63% year over year. For the quarter, NIO delivered 107,658 cars, a little better than the company projected.

Still, NIO stock was down 2.6% in premarket trading. Expectations might have been high. Coming into Wednesday trading, NIO stock was up 44% over the past 12 months.

Li Auto delivered 30,895 vehicles in June, down 7% month over month and down 15% year over year. For the quarter, Li delivered 98,330, close to its quarterly guidance.

Li stock was down 0.3% in premarket trading. Falling sales have hit Li's stock. Coming into Wednesday trading, shares were down 56% over the 12 months.

As for BYD, China's most valuable car company sold 397,292 passenger vehicles in June, including 201,472 all-electric cars. Car sales rose 5% year over year, and EV sales dipped 3%.

BYD has been exporting about 40% of its output in recent months in response to a slowing Chinese car market.

Its shares weren't trading overseas on Wednesday. It is a holiday in Hong Kong. Coming into Wednesday trading, BYD stock was down 24% this year and off 41% over the past 12 months.

Write to Al Root at allen.root@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 01, 2026 07:43 ET (11:43 GMT)

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