Monday, September 27, 2021
HomeBusinessChinese electric car start-up Li Auto delivers more cars than Xpeng again

Chinese electric car start-up Li Auto delivers more cars than Xpeng again


The Li One electrical automotive from Li Auto is displayed on the Moonstar World Harbor shopping center in Shanghai, China, Might 10, 2021.

Costfoto | Barcroft Media | Getty Photos

BEIJING — Deliveries of what’s basically a hybrid electrical automotive from U.S.-listed Li Auto surpassed these of rival start-up Xpeng for a second straight month in July.

Li Auto stated Sunday it delivered 8,589 Li One autos in July, a month-to-month file. The Li One SUV is the corporate’s solely mannequin in the marketplace. The automotive comes with a gas tank for charging the battery, extending the 180-kilometer driving vary by about 620 km (385.35 miles).

Xpeng stated Monday it additionally delivered a month-to-month file of 8,040 autos — of which 75% have been its P7 sedan, relatively than its different mannequin, the G3 SUV.

That meant Li Auto delivered 549 extra automobiles than Xpeng final month, after delivering over 1,000 more cars than Xpeng in June.

On a year-to-date foundation by July, Xpeng delivered barely extra automobiles, at 38,778 versus Li Auto’s 38,743.

Among the many three U.S.-listed Chinese language electrical automotive start-ups, Li Auto’s shares have carried out the perfect this 12 months with beneficial properties of 15.8%.

Nio’s shares have fallen 8.3% throughout the identical interval, whereas Xpeng’s are down practically 5.4%.

Learn extra about electrical autos from CNBC Professional

Nio’s deliveries for July weren’t obtainable as of Monday morning. The corporate is ready to launch second-quarter outcomes on Aug. 11.

Chinese language and U.S. regulators have elevated their scrutiny on Chinese language firms listed within the U.S. within the final month.

Some firms like Xpeng have additionally listed shares in Hong Kong, partly as a hedge in opposition to dangers within the New York market. The beginning-up’s Hong Kong-listed shares have fallen greater than 4% since an providing that raised in regards to the equal of $1.8 billion in early July.

Simply over every week later, Xpeng announced its third model and second sedan, the P5, would promote for as little as 160,000 yuan ($25,000). That is lower than the beginning worth for Tesla’s Mannequin 3 in China at 250,900 yuan. Deliveries of the P5, which is available in six variations, are set to start within the fourth quarter.

— CNBC’s Arjun Kharpal contributed to this report.

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