Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%
Publishing timestamp: 2023-04-02 23:00:12
Summary
Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, while Nio reported a 20.5% increase in first-quarter deliveries compared to the previous year. Li Auto's SUVs come with a fuel tank to charge the battery and extend driving range, and the company claims to have nearly 20% of the market for SUVs in the 300,000 yuan to 500,000 yuan price range in China. However, Chinese electric car startups' delivery figures pale in comparison with BYD, whose numerous models sell at a range of prices. Tesla delivered more than 422,000 cars worldwide in the first quarter.
Sentiment: NEUTRAL
Tickers: LI, 9868-HK, 2015-HK, 1211-HK, TSLA, NIO, XPEV, 9866-HK, ZE594-CN,
Keywords: xpeng inc, autos, byd co ltd, nio inc, li auto inc, business news, transportation, technology, tesla inc,