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Chinese electric car start-up Li Auto delivers more than 1,000 more cars than Xpeng in June

Chinese electric car start-up Li Auto delivers more than 1,000 more cars

July 5, 2021: -U.S.-listed electric car start-up Li Auto reported deliveries over than Xpeng in June, which put the latter in last place in this month among a closely followed trio of Chinese automakers.

On Friday, Li Auto said that it delivered 7,713 units of its only model on the market last month, the Li-One SUV. The Chinese start-up said the figure marked a new monthly high. Li-One is more of a hybrid since it comes with a fuel tank to charge the battery and extend the driving range.

Xpeng said that its deliveries for June also set a record per month, at 6,565 vehicles. The company said many of the deliveries were for its P7 sedan versus its G3 SUV.

On Thursday, Nio said deliveries for June came up to 8,083 cars, also a record per month. That brought the second-quarter total near the high end of the forecast of Nio.

Nio has ranked first in the three U.S.-listed Chinese electric car start-ups by monthly deliveries, while Xpeng has taken second place.

In June, Xpeng’s drop to third place comes as the New York Stock Exchange-listed company is set to launch a “dual primary listing” on July 7 in Hong Kong that could raise $2 billion.

The company has two different vehicles slated to begin deliveries later this year, an updated version of the G3 called the G3i SUV and a new sedan, the P5.

Despite ranking third in June by monthly deliveries, Xpeng exceeded the high end of its second-quarter guidance by nearly 1,400 vehicles.

But Li Auto beat its quarterly forecast by above 2,000 vehicles.

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