The Li One electrical automobile from Li Auto is displayed on the Moonstar International Harbor shopping center in Shanghai, China, Might 10, 2021.
Costfoto | Barcroft Media | Getty Photographs
BEIJING — Deliveries of what’s basically a hybrid electrical automobile from U.S.-listed Li Auto surpassed these of rival start-up Xpeng for a second straight month in July.
Li Auto stated Sunday it delivered 8,589 Li One automobiles in July, a month-to-month file. The Li One SUV is the corporate’s solely mannequin available on the market. The automobile comes with a gasoline tank for charging the battery, extending the 180-kilometer driving vary by about 620 km (385.35 miles).
Xpeng stated Monday it additionally delivered a month-to-month file of 8,040 automobiles — of which 75% have been its P7 sedan, somewhat than its different mannequin, the G3 SUV.
That meant Li Auto delivered 549 extra automobiles than Xpeng final month, after delivering over 1,000 extra automobiles than Xpeng in June.
On a year-to-date foundation via July, Xpeng delivered barely extra automobiles, at 38,778 versus Li Auto’s 38,743.
Among the many three U.S.-listed Chinese language electrical automobile start-ups, Li Auto’s shares have carried out one of the best this yr with features of 15.8%.
Nio’s shares have fallen 8.3% throughout the identical interval, whereas Xpeng’s are down practically 5.4%.
Nio’s deliveries for July weren’t out there as of Monday morning. The corporate is about to launch second-quarter outcomes on Aug. 11.
Chinese language and U.S. regulators have elevated their scrutiny on Chinese language corporations listed within the U.S. within the final month.
Some corporations like Xpeng have additionally listed shares in Hong Kong, partly as a hedge in opposition to dangers within the New York market. The beginning-up’s Hong Kong-listed shares have fallen greater than 4% since an providing that raised concerning the equal of $1.8 billion in early July.
Simply over every week later, Xpeng introduced its third mannequin and second sedan, the P5, would promote for as little as 160,000 yuan ($25,000). That is lower than the beginning worth for Tesla’s Mannequin 3 in China at 250,900 yuan. Deliveries of the P5, which is available in six variations, are set to start within the fourth quarter.
— CNBC’s Arjun Kharpal contributed to this report.