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HomeNewsChinese electric car startup Li Auto delivers more cars than Xpeng -...

Chinese electric car startup Li Auto delivers more cars than Xpeng – n7t

Reauto’s LiOne electrical automobile is on show on the Moonstar World Harbor shopping center in Shanghai, China, on Might 10, 2021.

Costfoto | Barcroft Media | Getty Pictures

Beijing — primarily US-listed hybrid electrical automobile supply Reauto Outperformed rival startups Xpeng Two months in a row in July.

Li Auto stated on Sunday that it delivered 8,589 Li One autos in July, a month-to-month report. The Li One SUV is the one mannequin on the corporate’s market. The automobile comes with a gasoline tank to cost the battery, extending the mileage of 180 kilometers by about 620 km (385.35 miles).

Xpeng additionally stated on Monday that it additionally offered month-to-month data for 8,040 autos. Seventy-five % of them had been P7 sedans somewhat than the opposite mannequin, the G3 SUV.

In brief, Li Auto delivered 549 extra automobiles than Xpeng final month. Deliver more than 1,000 cars than Xpeng In June.

Xpeng delivered a barely larger variety of autos, 38,778, in comparison with Li Auto’s 38,743, on a year-to-date foundation till July.

Of the three US-listed Chinese language electrical automobile startups, Li Auto’s stake carried out finest this 12 months with a 15.8% enhance.

Nio shares fell 8.3% over the identical interval, whereas Xpeng shares fell practically 5.4%.

July Nio supply was not accessible as of Monday morning. The corporate plans to announce its second quarter outcomes on August 11.

Chinese language and US regulators elevated scrutiny of US-listed Chinese language corporations final month.

Some corporations like Xpeng I even have Listed stocks in Hong Kong, Partly as a hedge in opposition to threat within the New York market.Startup Hong Kong listed stock It has fallen by greater than 4% since elevating about $ 1.8 billion in funding in early July.

Only a week later Xpeng has announced a third model and a second sedan, the P5. It will likely be bought at a low value of 160,000 yuan ($ 25,000). That is cheaper than the beginning value of the Tesla Mannequin 3 in China, which is 250,900 yuan. Supply of P5, accessible in six variations, is predicted to start within the fourth quarter.

— CNBC’s Arjun Kharpal contributed to this report.



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