Chinese electric vehicle startup Li Auto delivers more cars than Xiaopeng Motors

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On May 10, 2021, Li Auto’s Li One electric car was exhibited at Yuexing Global Harbor Shopping Center in Shanghai, China.

Cost Picture | Barcroft Media | Getty Images

Beijing-Delivered from a U.S. listed company is essentially a hybrid electric vehicle Force car Startups that outperform competitors Xpeng For the second consecutive month in July.

Li Motors said on Sunday that 8,589 Li Ones were delivered in July, setting a monthly record. The Li One SUV is the company’s only model on the market. The car is equipped with a fuel tank for charging the battery, which can extend the driving range of 180 kilometers by approximately 620 kilometers (385.35 miles).

Xiaopeng Motors said on Monday that it also set a monthly record of 8,040 vehicles, of which 75% are its P7 sedan, not its other model, the G3 SUV.

This means that Li Automobile delivered 549 more cars than Xiaopeng Automobile last month. Deliver more than 1,000 more cars than Xiaopeng In June.

From year-to-date to July, Xiaopeng Motors delivered slightly more cars, 38,778 units, and Li Motors 38,743 units.

Among the three Chinese electric vehicle start-ups listed in the United States, Li Auto’s share price has performed best this year, with an increase of 15.8%.

Weilai’s share price fell by 8.3% over the same period, while Xiaopeng’s share price fell by nearly 5.4%.

Read more about electric vehicles from CNBC Pro

As of Monday morning, NIO’s July deliveries are not yet available. The company will release its second-quarter results on August 11.

Last month, Chinese and US regulators intensified their scrutiny of Chinese companies listed in the United States.

Some companies like Xpeng Also have Hong Kong listed shares, Partly to hedge against risks in the New York market.Startup Hong Kong listed stocks Since the issuance of approximately US$1.8 billion in stocks in early July, the stock price has fallen by more than 4%.

Just over a week later, Xiaopeng Automobile released the third model and the second sedan P5, The price is as low as RMB 160,000 (US$25,000). This is lower than the starting price of Tesla Model 3 in China of 250,900 yuan. There are six versions of P5, which will be delivered in the fourth quarter.

— CNBC’s Arjun Kharpal contributed to this report.

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