According to a report on the website of the US “Wall Street Journal” on January 3, the Hong Kong-listed stocks of Chinese electric car manufacturers rose on January 3, led by Li Auto, after the company announced its delivery date for December 2022.

The stock price of Ideal Auto rose. The company announced on December 30, 2022, that the monthly delivery data for December hit a record high, and the annual delivery volume in 2022 increased by 47%.

The automaker stated that deliveries in December 2022 have increased by 51% compared with the same period last year, claiming that it is the fastest brand among new domestic automakers to reach the monthly delivery mark of more than 20,000.

Chinese electric car makers capped the year with strong deliveries, even as supply chain shortages in China hit production and sales.

NIO Group will deliver 122,486 vehicles in 2022, an increase of about 34%, and Xiaopeng Automobile deliveries will increase by 23% compared with 2021.

In addition, BYD announced that sales in December 2022 will increase by 150%. Analysts at Citibank said in a note that they see BYD as a big winner from consolidation in the industry.

Looking ahead, Citi analyst Jeff Chung predicts that EV sales in China could grow another 33% in 2023.

According to the United States “Forbes” magazine website reported on January 2. BYD Co., Ltd., China’s largest electric vehicle manufacturer by sales, said on January 2 that the company’s sales of new energy vehicles in December 2022 will be 235,197 units, more than double the same period in 2021 (93,945 units).

BYD, which has entered markets in Europe, Japan, and other regions in recent years, is expanding beyond its domestic base. Full-year vehicle sales will triple to more than 1.8 million in 2022, the company said, underscoring how popular electric vehicles are in China, the world’s leading auto market.

In addition, according to a report on December 25, 2022, by the American Automobile Evolution website, BYD has ambitions in the global auto market, and its compact Atto 3 electric vehicle is an important part of this ambition. The crossover earned five stars in Euro NCAP’s tests while showing excellent range.

BYD Atto 3 is the international version of BYD Yuan Plus, which is very popular in China. Atto 3 has recently started selling overseas, and the first foreign markets include Australia, India, and Thailand. The crossover is also headed to Europe, where its safety performance in Euro NCAP testing suggests it will be a serious contender.

Atto 3 is also one of BYD’s efforts to conquer the Japanese market, and its performance in Japan deserves attention. Japanese automakers have been reluctant to embrace EVs, always saying that Japanese consumers prefer hybrids to EVs.