The world’s largest EV market, China, continues gaining momentum as automakers – domestic and foreign – are racing to claim their share in the auto industry’s future. Nio, Xpeng, and Li Auto, three Chinese EV leaders, reported strong delivery numbers in 2022 despite ongoing supply chain disruptions. Here’s a look at how their deliveries compared this past year.
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Chip-making giant Nvidia (NVDA) released its Q2 earnings report on Wednesday, falling short of Wall St expectations. However, a bright spot in the report was Nvidia’s automotive segment, fueled by rising demand for new energy vehicles.
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Chinese EV maker Li Auto (LI) reported Q2 earnings, falling short of both Wall St. delivery targets and earnings estimates. The EV maker delivered 28,687 units of its flagship model, the Li ONE.
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As we eagerly slam the book shut on 2021 and look toward a promising year of further EV adoption in 2022, it’s important to look back and assess how far the global market has come during this most recent trip around the Sun. From there, we can compare 2021’s numbers to the year prior and gain an idea of the trajectories many of the major EV automakers may travel on into 2022. We will begin with EV deliveries in China, a rich mecca of EV production and innovation with many companies now expanding to other markets around the globe.
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Footage of a man recklessly driving his Li Auto ONE SUV has gone viral in China after he tricked his SUV into “full self-driving” mode. The video shows the driver reclining his seat all the way back with his hands off the wheel, allowing the car to drive itself using driver assist features.
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