Chinese EV startups Xpeng, Li Auto deliver a record number of cars in October

Xpeng reveals its G6 SUV at a main auto present in Shanghai on April 18, 2023.

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BEIJING — Chinese electrical automobile firms Xpeng and Li Auto every delivered a record number of cars in October, based on firm releases late Wednesday.

Xpeng mentioned it delivered 20,002 cars last month. That’s a marked pickup from lackluster figures earlier in the yr. Just below half of deliveries in October have been of Xpeng’s G6 coupe SUV, launched in late June.

The G6 sells in the roughly the 200,000 yuan 250,000 yuan ($27,340 to $34,170) value vary, whereas Li Auto’s SUVs promote for greater than 300,000 yuan.

Li Auto’s monthly deliveries remained far forward of its quick friends at 40,422 cars in October. The firm’s presently accessible cars usually are not purely battery-powered since they arrive with a gas tank for extending the battery’s driving vary.

Nio mentioned it delivered 16,074 cars in October, up barely from the prior month however beneath the 20,462 car deliveries reported for July.

All three firms are listed in the U.S. and noticed shares rise in a single day. Xpeng climbed essentially the most, up by 7%.

Other Chinese electrical automobile manufacturers additionally noticed deliveries tick increased in October, amid stiff competitors.

Geely’s electrical automobile model Zeekr mentioned it delivered a record 13,077 cars final month. Zeekr on Friday revealed an ultra-fast mannequin, the 001 FR, which rivals Tesla’s Model S Plaid in specs — at a lower cost.

Aito, the Huawei-backed new power car model, claimed 12,700 deliveries for final month.

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EV inventory efficiency YTD

Aion, an electrical automobile model from state-owned GAC Motor, mentioned it offered 41,503 autos in October.

BYD remained by far the large in the market. The firm mentioned it offered 165,505 pure battery-powered passenger cars in October, and practically simply as many hybrid-powered autos.

Telsa figures for October weren’t but accessible as of Thursday morning. Previously launched trade knowledge had indicated a decline in sales in China from August to September.

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