The Chinese language electrical automotive start-up Li Auto delivers extra automobiles than Xpeng
Li Auto’s Li One electrical automotive can be on show at Moonstar International Harbor shopping center in Shanghai, China on Could 10, 2021.
Price photograph | Barcroft Media | Getty Photographs
BEIJING – Deliveries of an primarily hybrid electrical automotive from US-listed Li Auto outperformed rival start-up Xpeng for the second consecutive month in July.
Li Auto stated Sunday it shipped 8,589 Li One autos in July, a month-to-month report. The Li One SUV is the corporate’s solely mannequin in the marketplace. The automotive has a gasoline tank to recharge the battery, which will increase the vary of 180 kilometers by roughly 620 kilometers (385.35 miles).
Xpeng stated Monday it had additionally shipped a month-to-month report of 8,040 autos – 75% of which had been its P7 sedan quite than its different mannequin, the G3 SUV.
That meant Li Auto shipped 549 extra automobiles than Xpeng final month after transport over 1,000 automobiles greater than Xpeng in June.
On an annual foundation by way of July, Xpeng delivered 38,778 automobiles, barely greater than 38,743 from Li Auto.
Of the three Chinese language electrical automotive startups listed within the US, Li Auto’s inventory carried out the most effective this 12 months, up 15.8%.
Nio’s shares are down 8.3% over the identical interval, whereas Xpeng’s are down practically 5.4%.
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Nio’s deliveries for July weren’t out there on Monday morning. The corporate will publish its second quarter outcomes on August 11th.
Chinese language and US regulators took a more in-depth have a look at Chinese language firms listed within the US final month.
Some firms like Xpeng have additionally listed Hong Kong shares, partially as a hedge towards danger within the New York market. The startup’s Hong Kong-listed shares have fallen greater than 4% since a suggestion that raised roughly $ 1.Eight billion in early July.
Simply over every week later, Xpeng introduced its third mannequin and second sedan, the P5, for simply 160,000 yuan ($ 25,000). That is lower than the beginning value for Tesla’s Mannequin Three in China of 250,900 yuan. Supply of the P5, which is on the market in six variations, is scheduled to start within the fourth quarter.
– CNBC’s Arjun Kharpal contributed to this report.