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

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Chinese language electrical automobile startup Li Auto noticed deliveries surge by almost 66% within the first quarter from a yr in the past.
Zhang Peng | Lightrocket | Getty Photos

BEIJING — Chinese language electrical automobile model Li Auto delivered extra automobiles in March than Xpeng did within the first quarter, in keeping 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 is up by almost 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 yr in the past.

Xpeng delivered 7,002 automobiles in March, above the month-to-month common for the primary quarter. Almost 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 corporate delivered 10,378 automobiles in March.

Li Auto’s automobiles — all SUVs — every include a gasoline tank to cost the battery and lengthen driving vary.

The corporate claimed in a launch it now has almost 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 Mannequin Y, sells in a worth 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 wish to use Xpeng’s assisted driving tech for cities. Tesla’s model of the tech, known as Full Self Driving, is not obtainable in China.

Nonetheless, thus far Xpeng’s assisted driving tech for cities is barely obtainable in Shenzhen, Guangzhou and Shanghai — the place rollout started Friday.

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

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

Tesla stated Sunday it delivered greater than 422,000 automobiles worldwide within the first quarter. The corporate didn’t get away figures for China, which usually accounts for effectively over 20% of Tesla’s income.

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