Sunday, June 4, 2023
HomeBusinessChinese EV brand Li Auto sees first-quarter deliveries surge by 66%

Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%

Chinese language electrical automotive startup Li Auto noticed deliveries surge by practically 66% within the first quarter from a 12 months in the past.

Zhang Peng | Lightrocket | Getty Photographs

BEIJING — Chinese language electrical automotive model Li Auto delivered extra automobiles in March than Xpeng did within the first quarter, in line with firm releases.

Li Auto delivered 20,823 autos in March — for a complete of 52,584 deliveries within the first three months of the 12 months. That is up by practically 66% from the primary quarter of 2022.

In distinction, Xpeng solely delivered 18,230 automobiles within the first quarter — down by about 47% from the identical interval a 12 months in the past.

Xpeng delivered 7,002 autos in March, above the month-to-month common for the primary quarter. Almost half of the deliveries final month have been of the corporate’s new P7i sports activities sedan that launched in March.

Nio reported first-quarter deliveries of 31,041, up 20.5% from a 12 months in the past. The corporate delivered 10,378 autos in March.

China's recovery isn't 'full-blooded' but it's significant, World Bank says

Li Auto’s autos — all SUVs — every include a gas tank to cost the battery and prolong driving vary.

The corporate claimed in a release it now has practically 20% of the marketplace for SUVs within the 300,000 yuan ($43,674) to 500,000 yuan value vary in China.

For comparability, Tesla’s mid-size SUV, the Mannequin Y, sells in a value vary of 261,900 yuan to 361,900 yuan.

Xpeng’s G9 SUV begins at 309,900 yuan. The corporate’s new P7i sedan begins at 249,900 yuan — and prices 269,900 yuan if drivers need to use Xpeng’s assisted driving tech for cities. Tesla’s model of the tech, referred to as Full Self Driving, is not accessible in China.

Nonetheless, to this point Xpeng’s assisted driving tech for cities is barely accessible in Shenzhen, Guangzhou and Shanghai — the place rollout began Friday.

Learn extra about electrical autos from CNBC Professional

The Chinese language electrical automotive startups’ supply figures pale compared with BYD, whose quite a few fashions promote at a variety of costs.

BYD mentioned it offered 264,647 purely battery-powered passenger automobiles within the first three months of the 12 months, up greater than 80% from a 12 months in the past. Hybrid passenger automobile gross sales doubled from a 12 months in the past to 283,270 within the first quarter.

Tesla mentioned Sunday it delivered greater than 422,000 cars worldwide within the first quarter. The corporate didn’t escape figures for China, which usually accounts for properly over 20% of Tesla’s income.

Inventory Chart IconInventory chart icon

hide content

Tesla shares year-to-date.

Source link


Most Popular

Recent Comments