Electric Vehicles

Tesla

S

Public (NASDAQ: TSLA)

Tesla is a vertically integrated automotive, energy storage, and AI company headquartered in Austin, Texas. It manufactures five consumer vehicles, sells Full Self-Driving (Supervised) software, operates energy storage and solar businesses, runs a Robotaxi service in Austin/Dallas/Houston, and is ramping new products including Cybercab (production started Feb 2026 at Giga Texas), Tesla Semi (first truck off the new high-volume Nevada line April 2026), and Optimus (V3 reveal due summer 2026 with Fremont's old Model S/X line being converted for first-gen production). In Q1 2026, Tesla generated $22.4B in revenue, delivered 358,023 vehicles, had 1.28M active FSD subscriptions, and operated 8,463 Supercharger stations.

BYD

S

Public (SZSE: 002594 / HKEX: 1211)

BYD (Build Your Dreams) is a Chinese high-tech manufacturer spanning automobiles, batteries, electronics, renewable energy, and rail transit. Its auto business is unusually vertically integrated, with in-house batteries, motors, power electronics, and automotive semiconductors underpinning a lineup that now ranges from low-cost EVs and plug-in hybrids to premium Denza and Yangwang vehicles. Q1 2026 revenue fell 11.82% YoY to ¥150.2B and net profit collapsed 55% to ¥4.1B under domestic price pressure, while overseas sales jumped to 46% of the total. May 2026 was a turning point: 376,990 passenger vehicles sold (ending an 8-month domestic run-rate decline) with a record 160,177 overseas deliveries (+80.7% YoY), now exceeding 41% of total sales; BYD raised its 2026 export target to 1.5 million units. Domestically, the FLASH Charging network had grown to 6,682 stations across 321 Chinese cities by mid-June (on the way to a 20,000 year-end target), with Sinopec co-signed as a network partner in June; the first European 1,500 kW FLASH station opened in Germany on June 9. BYD's Szeged plant in Hungary began trial production in January 2026, but EVP Stella Li said in June 2026 that full-scale series production has slipped to Q4 2026 as equipment is still being installed; the same month BYD put its planned €1B Turkey (Manisa) plant on hold after Ankara withdrew tax incentives, making Hungary its top European manufacturing priority.

Rivian

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Public (NASDAQ: RIVN)

Rivian is an American automotive technology company that sells the R1T pickup, R1S SUV and Commercial Van and launched the midsize R2 platform on June 9, 2026 — opening orders and demo drives on launch day with first physical deliveries beginning 'soon after' within a 2-to-6-week window from order confirmation, after volume production began on April 22, 2026. The business is increasingly split between vehicle manufacturing and higher-margin software and services: Rivian generated $5.387 billion of revenue in 2025, posted $144 million of full-year gross profit, and expanded its Volkswagen joint venture through a $1.0 billion investment milestone in Q1 2026. Alongside its consumer and fleet vehicles, Rivian is also investing heavily in in-house autonomy and AI as it tries to broaden from an EV manufacturer into a larger transportation technology platform, anchored by a $1.25 billion Uber partnership to deploy up to 50,000 autonomous R2-based robotaxis starting in 2028.

NIO

A

Public (NYSE: NIO / HKEX: 9866)

NIO is a Chinese smart electric vehicle manufacturer built around premium EVs, battery swapping, and a multi-brand portfolio spanning NIO, ONVO, and firefly. Q1 2026 delivered a breakout quarter: RMB25.5B revenue (+112% YoY), record 19.0% gross margin and 18.8% vehicle margin (four-year highs), and a first positive operating profit of RMB66.8M. May 2026 set a new monthly record with 37,705 deliveries (+62% YoY), bringing cumulative deliveries to 1,148,118 vehicles. The battery swap network has grown to 3,916 stations worldwide with Gen-5 stations piloting in Q2 and mass deployment set for Q3 2026. The lineup now includes the ES9 flagship executive SUV (launched May 2026, 900V architecture, 5C charging); the ONVO sub-brand has scaled to a three-SUV lineup (L60, L80, and L90, all gaining LiDAR and NIO's in-house NX9031 chip in 2026); and firefly — past 70,000 deliveries (crossed July 16, 2026) — is expanding globally with active sales in Singapore, the Netherlands, Norway, and Belgium. The third-generation ES8 flagship SUV topped 120,000 cumulative deliveries on June 22, 2026 (275 days post-launch), and NIO launched a five-seat ES8 variant on July 9, 2026 (deliveries from July 10, from RMB382,800 or RMB274,800 with BaaS) to extend the best-selling flagship into the premium five-seat segment. June 2026 set another delivery record of 40,597 units, capping a record Q2 of 107,658 deliveries.

Xiaomi EV

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Division of Xiaomi Corporation (HKEX: 1810)

Xiaomi EV is the automotive division of Xiaomi Corporation (HKEX: 1810), announced in March 2021 with a pledged ~$10B/10-year investment and led personally by founder Lei Jun, who called it his 'last major startup venture.' Its first car, the SU7 sedan, launched March 28, 2024, followed by the YU7 SUV on June 26, 2025 — the YU7 drew roughly 300,000 lock-in orders in 72 hours and was effectively sold out into 2027 at launch. Xiaomi delivered ~411,837 vehicles in 2025, beating a raised 350,000 target more than a month early, and the EV/AI segment turned its first full-year operating profit (~RMB900M) as auto revenue topped RMB100B for the first time. Momentum carried into 2026 — cumulative deliveries passed 600,000 in February (just 22 months) and H1 2026 reached 185,055 — but the EV segment swung back to a RMB3.1B operating loss in Q1 2026 (~$5,600 per car) on fewer high-margin SU7 Ultra sales and rising costs. Cars are built at a two-phase Beijing plant (~300,000/year combined), with a Beijing Phase 3 site and a planned Wuhan factory pushing toward ~1M+ annual capacity. Xiaomi has set a 550,000-unit target for 2026, secured regulatory approval to build extended-range (EREV) vehicles, and confirmed a 2027 European market entry starting with Germany.

XPeng

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Public (NYSE: XPEV / HKEX: 9868)

XPeng is a Guangzhou-based smart-EV maker (founded 2014; NYSE: XPEV / HKEX: 9868) that delivered a record 429,445 vehicles in 2025 (+125.9% YoY) and passed 1,185,801 cumulative deliveries by the end of June 2026. It reached its first-ever quarterly net profit (~$55.5M) in Q4 2025; Q1 2026 slid back to a RMB1.78B net loss on a seasonal delivery dip, but gross margin has held around 20.6%. The mass-market Mona M03 sedan is the volume driver (250,000+ cumulative), complemented by the new-generation P7, G6, G9, the X9 MPV and the premium GX SUV. XPeng designs its own Turing AI chips and VLA 2.0 autonomous-driving foundation model, rolled out in China in March 2026, and Volkswagen is a deep partner — co-developing an E/E architecture for VW's China EVs from 2026 and licensing XPeng's autonomous-driving software, the first at-scale licensing of Chinese AI-driving software by a Western automaker. Beyond cars, subsidiary XPeng AeroHT's modular 'Land Aircraft Carrier' flying car enters mass production in 2026 (7,000+ orders, deliveries late 2026) and the IRON humanoid robot targets 1,000+ units/month by late 2026. XPeng held RMB42.09B (~$6.1B) cash as of March 31, 2026 and is expanding internationally, launching the revamped P7+ across 36 markets.

Li Auto

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Public (NASDAQ: LI / HKEX: 2015)

Li Auto is a Beijing-based premium new-energy vehicle maker founded in 2015 by Li Xiang, best known for pioneering extended-range EVs (EREVs) — a battery pack paired with a gasoline range-extender generator — which powered its rapid rise. It was the first Chinese EV startup to post a full-year profit (2023) and remains among the most financially solid, ending 2025 with ~RMB101.2B (~$14B) cash. Its L-series EREV SUVs (L6/L7/L8/L9) are the volume backbone, and the company has surpassed 1,733,687 cumulative deliveries as of June 30, 2026. But 2025 was a down year — 406,343 deliveries, off ~18.8% YoY — as EREV competition intensified and the BEV transition dragged; its first BEV, the MEGA MPV (launched March 2024), flopped relative to targets. Li Auto has since expanded its BEV line with the i8 six-seat SUV (July 2025) and the i6 five-seat SUV (September 2025), the latter becoming its sales backbone at ~21,453 units in June 2026. Q1 2026 turned to a RMB2.3B net loss with gross margin collapsing to 7.9% amid the i6 ramp and price competition. For 2026 the company targets ~550,000 deliveries (~40% growth), refocusing on EREVs (an all-new L9 and revamped L6 relaunched in July 2026), a new BEV SUV, and the international launch of the L9.

Zeekr

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Private (wholly-owned Geely subsidiary; delisted from NYSE Dec 2025)

Zeekr is Geely's premium, technology-led EV brand, founded in March 2021 in Ningbo and led by CEO An Conghui. In December 2025 Geely completed a ~$2.4B take-private, delisting Zeekr from the NYSE (former ticker ZK) and making it a 100%-owned subsidiary of Geely Automobile Holdings; earlier, in February 2025, Zeekr absorbed Lynk & Co (holding 51%) to form Zeekr Technology Group, a two-brand premium group targeting ~1M annual sales. The Zeekr brand delivered 224,133 vehicles in 2025, and momentum surged in 2026 — 35,169 deliveries in June (+110.6% YoY, a third straight record) and 178,370 in H1 (+96.6%) — lifting cumulative deliveries past 800,000 in June (to ~821,259 by end-June). The lineup spans a BEV shooting brake (001), sedans (007/007 GT), MPVs (009, Mix), SUVs (X, 7X) and new PHEV flagships (9X, 8X); the 9X luxury PHEV SUV passed 60,000 units with a ~RMB530k average transaction price. Zeekr differentiates on in-house tech — its 800V 'Golden Battery' (the world's first mass-produced 800V LFP ultra-fast-charge cell) and a new 900V SiC architecture across refreshed models, plus G-Pilot ADAS — and its international footprint is growing, with the 007 GT now sold across 16 European countries and the 9X headed to Europe in Q4 2026. Financially it is approaching break-even: Q3 2025 revenue was RMB31.56B (+9.1% YoY) at a 19.2% gross margin with net loss down ~85% YoY.

Lucid Motors

B

Public (NASDAQ: LCID)

Lucid Group is a Silicon Valley EV and technology company building the Lucid Air sedan and Lucid Gravity SUV around proprietary, software-defined vehicle architectures focused on range, efficiency, and performance. Silvio Napoli (formerly chairman and CEO of Schindler) became permanent CEO on June 1, 2026; on June 22 he cut about 18% of staff and eliminated the COO role, with interim-CEO-turned-COO Marc Winterhoff departing effective immediately, and on July 2 he extended the reshuffle with a near-total C-suite overhaul — naming Alexander De Bock incoming CFO (succeeding Taoufiq Boussaid) and Raja Ramana Macha (ex-Eaton EVP and CTO) as chief technology officer, while halving the number of executives reporting directly to him. Q2 2026 deliveries were 3,953 (4,774 produced), and on July 6 Lucid drew $800M on its PIF-backed delayed-draw term loan to bolster liquidity. On July 14 Lucid's shares briefly crashed as much as 57% to a record intraday low of $2.37 (closing down 16% at $4.62) before the company publicly rejected as 'completely false' a report that restructuring adviser AlixPartners had floated a Chapter 11 or take-private path — reaffirming that AlixPartners is only helping improve operations, that no special board committee exists, and that ~$4.7B of pro forma liquidity is sufficient to fund operations into late 2027; the stock then rebounded sharply, spiking ~29% on July 15 and notching its best week in a year as Napoli reiterated the denial. Lucid is centered on stabilizing Gravity after a seatbelt recall and supplier-driven production hit, launching its Lucid-Nuro-Uber robotaxi service (San Francisco Bay Area in late 2026, Houston in 2027), scaling the expanded ≥35,000-vehicle Uber partnership, and bringing its lower-cost Atlas-based midsize platform to market as it pushes toward profitability and positive free cash flow. Full-year 2026 production guidance remains suspended pending Napoli's review, with a possible reset at the August 4 Q2 report.