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Chinese Electric Car Companies Nio, Xpeng, and Li Auto Deliver Strong Vehicle Sales in August

Chinese Electric Car Companies Deliver Vehicles in August

Nio, Xpeng, and Li Auto Meet Third Quarter Guidance

Chinese electric car companies Nio, Xpeng, and Li Auto have announced that they delivered enough vehicles in August to meet their third quarter guidance. These companies are all listed in the U.S.

Li Auto, leading the pack, delivered 34,914 cars in August, exceeding the forecasted range of 33,333 to 34,333 monthly deliveries for the third quarter. The company also delivered about 800 more cars in August compared to July. It’s worth noting that Li Auto’s vehicles are not pure electric cars as they come with a fuel tank to extend the battery’s range.

Nio delivered 19,329 vehicles in August, slightly lower than July but still within the forecasted range of 18,300 to 19,000 monthly deliveries for the July to September period.

Xpeng Falls Behind, Focusing on New G6 Coupe SUV

Xpeng delivered 13,690 electric cars in August, compared to around 11,000 cars in the previous month. Over half of the deliveries were of Xpeng’s new G6 coupe SUV, which was launched in late June. Cumulative deliveries of the G6 have now surpassed 11,000 units. Xpeng forecasts monthly deliveries between 13,000 and 13,667 cars for the third quarter.

Last week, Xpeng announced its acquisition of Didi’s smart car assets to develop a mass market electric car for launch next year. Nio also plans to enter the mass market under a separate “Alps” brand in the second half of next year.

BYD Expands into Premium Market, GAC’s Aion Leads Electric Car Sales

BYD, a Chinese electric car giant, already operates in the mass market and is expanding into the premium price range. In August, BYD sold 145,627 purely battery-powered passenger cars, an increase from 134,783 vehicles sold in July.

GAC’s Aion electric car brand, which sells both premium-priced cars and less expensive models, delivered 52,057 cars in August, surpassing the three mentioned startups. Aion’s models have price tags of about $20,000.

In July, data from the China Passenger Car Association revealed that BYD, Aion, and Li Auto outperformed Tesla China in terms of monthly retail sales.

Elon Musk’s Tesla announced a new, more expensive version of its Model 3 car with a longer driving range on Friday.

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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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