Chinese electric car start-up Li Auto delivers more cars than Xpeng

The Li Just one electric motor vehicle from Li Auto is displayed at the Moonstar Global Harbor buying mall in Shanghai, China, May well 10, 2021.

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BEIJING — Deliveries of what is effectively a hybrid electric vehicle from U.S.-stated Li Vehicle surpassed these of rival start-up Xpeng for a second straight month in July.

Li Car stated Sunday it shipped 8,589 Li A single cars in July, a regular document. The Li Just one SUV is the firm’s only product on the industry. The vehicle arrives with a fuel tank for charging the battery, extending the 180-kilometer driving selection by about 620 km (385.35 miles).

Xpeng reported Monday it also sent a month-to-month report of 8,040 cars — of which 75% were being its P7 sedan, instead than its other model, the G3 SUV.

That meant Li Car sent 549 a lot more autos than Xpeng final month, after delivering about 1,000 far more vehicles than Xpeng in June.

On a year-to-day basis as a result of July, Xpeng delivered a little a lot more automobiles, at 38,778 compared to Li Auto’s 38,743.

Among the the three U.S.-stated Chinese electric vehicle start out-ups, Li Auto’s shares have done the ideal this year with gains of 15.8%.

Nio’s shares have fallen 8.3% all through the same period, even though Xpeng’s are down approximately 5.4%.

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Nio’s deliveries for July had been not accessible as of Monday morning. The enterprise is set to release 2nd-quarter final results on Aug. 11.

Chinese and U.S. regulators have amplified their scrutiny on Chinese businesses mentioned in the U.S. in the very last month.

Some providers like Xpeng have also listed shares in Hong Kong, partly as a hedge versus dangers in the New York marketplace. The start out-up’s Hong Kong-outlined shares have fallen extra than 4% due to the fact an providing that lifted about the equivalent of $1.8 billion in early July.

Just in excess of a 7 days later on, Xpeng introduced its third model and 2nd sedan, the P5, would promote for as small as 160,000 yuan ($25,000). That is fewer than the commencing price for Tesla’s Design 3 in China at 250,900 yuan. Deliveries of the P5, which comes in six variations, are established to begin in the fourth quarter.

— CNBC’s Arjun Kharpal contributed to this report.