Chinese Startup Nezha Delivered More EVs Than Nio In 2022: Report

  • Chinese electric car startup Nezha has been grabbing eyeballs after claiming it made 152,000 vehicle deliveries in 2022, surpassing 122,486 deliveries by Nio Inc (NYSE: NIO).

  • Nezha, a brand under startup Hozon Auto, asserted its car deliveries more than doubled in 2022, CNBC reported.

  • The company’s best-seller, Nezha V, is priced at 83,900 yuan ($12,000). Whereas Nio’s larger SUV’s start from the price range of 400,000 yuan.

  • As of July 2022, Nezha had raised nearly 10 billion yuan for its Series D, or the fourth stage of fundraising after the initial investment, the report added.

  • Chinese battery and car manufacturer BYD Company (OTC: BYDDY) sold the highest number of EVs in 2022, with 911,000 electric cars.

  • The other Chinese EV competitorsLi Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) saw their December deliveries rise 41.2% and 94% quarter-over-quarter, respectively.

  • Also ReadTesla Q4 Deliveries Fail To Clear Lowered Bar: What EV Investors Need To Know

  • Photo Via Company

See more from Benzinga

Don’t miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2023 Benzinga does not provide investment advice. All rights reserved.