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Xpeng stated it delivered 11,524 in July, an increase versus the identical time final yr, however slipping from June’s determine. Xpeng had the very best deliveries out of its closest rivals Nio and Li Auto in July. Xpeng stated it’ll start accepting reservations for its new G9 SUV in August 2022.
Chen Dongqiu | Visible China Group | Getty Pictures
Shares of Chinese language electrical car startups Nio and Li Auto jumped within the U.S. Monday after the businesses posted an increase in July automobile deliveries.
Nio stated it delivered 10,052 automobiles in July, up 26.7%% year-on-year, however down from June’s determine of just about 13,000 deliveries.
Li Auto in the meantime stated it delivered 10,422 of its Li ONE sports activities utility car in July, up 21.3% year-over-year, but additionally slipping from June’s determine.
In the meantime, competitor Xpeng delivered probably the most out of the trio. The Guangzhou, China-based agency stated July deliveries totaled 11,524, up 40% year-on-year, but additionally falling from June’s determine.
Shares of Nio climbed 2% and Li Auto gained 2%. Xpeng dipped 0.8%, after rising earlier within the session.
All three carmakers had been hit earlier this yr by a resurgence of Covid-19 in China that led to lockdowns in main cities and manufacturing hubs internationally’s second-largest economic system. Automakers are additionally coping with continued provide chain points, part shortages and rising supplies prices.
Nio stated that the manufacturing of its ET7 and EC6 automobiles in July was “constrained” by the provision of casting elements.
The corporate stated it “has been working intently with provide chain companions and expects to speed up car manufacturing within the following months of the third quarter of 2022.”
Xpeng and Li Auto didn’t point out any provide chain disruptions. Xpeng stated it plans to start accepting reservations for its new flagship G9 SUV in August, with an an official launch in September.
Li Auto stated that the 200,000th Li ONE rolled off the manufacturing line at its Changzhou manufacturing facility on Monday, marking a milestone for the corporate.
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