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Chinese EV brand Li Auto sees first-quarter shipments jump 66%

Chinese electric car startup Li Auto’s first-quarter shipments surged nearly 66% from a year ago.

Zhang Peng | Light Rocket | Getty Images

Beijing — Chinese electric car brand lee auto In March Xpeng That was the case in the first quarter, according to a company release.

Li Auto delivered 20,823 vehicles in March. A total of 52,584 vehicles were delivered in his first three months of the year. That’s a nearly 66% increase for him from the first quarter of 2022.

In contrast, Xpeng only delivered 18,230 vehicles in the first quarter, down about 47% from the same period last year.

Xpeng delivered 7,002 vehicles in March, surpassing the monthly average for the first quarter. Almost half of last month’s deliveries were the company’s new P7i sports sedan, which launched in March.

Nio reported 31,041 shipments in the first quarter, up 20.5% year-over-year. The company said he delivered 10,378 vehicles in March.

Li Auto’s vehicles (all SUVs) have a fuel tank to charge the battery and extend the range.

company claim in release It currently accounts for nearly 20% of the 300,000 RMB ($43,674) to 500,000 RMB SUV market in China.

For reference, Tesla’s midsize SUV Model Y is priced between 261,900 yuan and 361,900 yuan.

Xpeng’s G9 SUV starts at 309,900 yuan. Prices for the company’s new P7i sedan start at 249,900 yuan, and if a driver wants to use his Xpeng’s driver-assist technology in the city, he will be priced at 269,900 yuan. Tesla’s version of the technology, called full self-driving, is not available in China.

So far, however, Xpeng’s urban driver assistance technology is only available in Shenzhen, Guangzhou and Shanghai. Rollout began on Friday.

Read more about electric vehicles on CNBC Pro

Chinese electric vehicle startup shipments BYDwhose numerous models are sold at various prices.

According to BYD, 264,647 pure battery-powered passenger cars were sold in the first three months of this year, up more than 80% from a year ago. Hybrid passenger car sales doubled to 283,270 units in the first quarter compared to the same period last year.

Tesla Sunday is 422,000 vehicles worldwide in the first quarter. The company doesn’t usually disclose figures for China, where he makes up more than 20% of Tesla’s revenue.

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Tesla stock year-to-date. Chinese EV brand Li Auto sees first-quarter shipments jump 66%

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