Chinese electrical automobile startup Li Auto noticed deliveries surge by practically 66% within the first quarter from a yr in the past.
Zhang Peng | Lightrocket | Getty Images
BEIJING — Chinese electrical automobile model Li Auto delivered extra vehicles in March than Xpeng did within the first quarter, in line with firm releases.
Li Auto delivered 20,823 automobiles in March — for a complete of 52,584 deliveries within the first three months of the yr. That’s up by practically 66% from the primary quarter of 2022.
In distinction, Xpeng solely delivered 18,230 vehicles within the first quarter — down by about 47% from the identical interval a yr in the past.
Xpeng delivered 7,002 automobiles in March, above the month-to-month common for the primary quarter. Nearly half of the deliveries final month had 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 yr in the past. The firm delivered 10,378 automobiles in March.
Li Auto’s automobiles — all SUVs — every include a gasoline tank to cost the battery and prolong driving vary.
The firm claimed in a launch it now has practically 20% of the marketplace for SUVs within the 300,000 yuan ($43,674) to 500,000 yuan worth vary in China.
For comparability, Tesla’s mid-size SUV, the Model Y, sells in a worth vary of 261,900 yuan to 361,900 yuan.
Xpeng’s G9 SUV begins at 309,900 yuan. The firm’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.
However, thus far Xpeng’s assisted driving tech for cities is just accessible in Shenzhen, Guangzhou and Shanghai — the place rollout started Friday.
The Chinese electrical automobile startups’ supply figures pale as compared with BYD, whose quite a few fashions promote at a spread of costs.
BYD mentioned it bought 264,647 purely battery-powered passenger vehicles within the first three months of the yr, up greater than 80% from a yr in the past. Hybrid passenger car gross sales doubled from a yr in the past to 283,270 within the first quarter.
Tesla mentioned Sunday it delivered greater than 422,000 vehicles worldwide within the first quarter. The firm didn’t get away figures for China, which usually accounts for properly over 20% of Tesla’s income.
Tesla shares year-to-date.
Source: www.cnbc.com”