Chinese electric vehicle start-up NIO Inc. Bin Lee, CEO of NYSE, celebrated the start of trading on the floor of the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) at NYSE. New York, September 12, 2018.
Brendan McDermide | Reuters
BEIJING – Chinese electric car start-up Neo has a long way to go to capture market leader Tesla, but it’s a solid start to the year.
The company said on Monday it delivered 7,225 vehicles in January, four times more than the 1,598 cars delivered in the same month last year.
Last month’s figures also marked the sixth straight month of Neo’s record high deliveries, bringing the start-up’s cumulative delivery to 82,866.
It took Neo nearly six years to reach this stage, while Tesla delivered 180,570 cars in the last three months of 2020 alone.
Shares of Neo listed in New York have risen 17% so far this year, shy of Tesla’s 19% gain. Both stocks are leading the S&P 500 up nearly half a percent.
Shares of USP-listed Chinese electric car company, Expang, have risen 15% so far this year.
Xpeng said Monday it delivered 6,015 electric cars in January, the third-straight record month of deliveries. Since its mass rollout began in late June, the company’s P7 sedan has accounted for more than half of last month’s deliveries, totaling 18,772.
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