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Chinese EV brands Li Auto and Zeekr report record deliveries for September

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A Li L6 by Li Auto is displayed at its sales space in the course of the Beijing Worldwide Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024.
Tingshu Wang | Reuters

BEIJING — Chinese language new vitality automobile manufacturers Li Auto and Zeekr every delivered a file variety of vehicles in September, in accordance with firm knowledge launched Tuesday.

New vitality autos embody hybrids and people powered solely by battery. The class accounted for greater than half of recent passenger vehicles bought in China in July and August, in accordance with business knowledge.

Li Auto reported 53,709 deliveries in September, setting a file greater than 5% above a previous excessive reached in July. The corporate’s vehicles include a gas tank for extending the battery’s driving vary.

Geely-owned electrical automotive firm Zeekr additionally delivered a file of 21,333 autos in September.

Nio, BYD, Xiaomi and Aito, co-developed by Huawei, had but to launch September deliveries as of Tuesday afternoon.

Mainland China and Hong Kong markets had been closed Tuesday for a vacation. Hong Kong’s are set to reopen Wednesday, whereas the mainland markets aren’t as a result of resume buying and selling till Oct. 8.

Xpeng additionally claimed a file 21,352 electrical automotive deliveries in September, together with greater than 10,000 models of its mass market Mona model’s M03 coupe, launched in late August.

That automotive and different new fashions launched this 12 months by Chinese language rivals all promote for lower than the comparable Tesla mannequin.

The Tesla Mannequin Y SUV retails at 249,900 yuan ($35,630), whereas the model’s most inexpensive automotive, the Mannequin 3, begins at 231,900 yuan. After value cuts earlier this 12 months, Tesla has stored costs the identical this summer season.

The September data put Li Auto and Xpeng on observe to beat beforehand introduced supply forecasts, whereas Zeekr was a couple of thousand autos wanting reaching the typical month-to-month minimal it wants to achieve a beforehand reported annual aim.

U.S.-listed shares of Xpeng had been up 3.12% at 04:15 a.m. ET in after-hours buying and selling following the announcement.

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