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Xpeng, Li Auto triple July deliveries, Nio growth slowed 

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On Monday, automakers announced its July deliveries. Xpeng delivered 8040 cars which is almost three times more than last year. Li Auto delivered 8589 cars, +250% more than last year. Nio sold 7931 cars, which is still +125% more comparing with last year. For Xpeng and Li Auto, it is historically the first month when they beat Nio in sales and an all-time high in terms of monthly deliveries.

Another Chinese EV startup, Hozon, which sells cars under the Neta brand, delivered 6011 cars. Leap Motor delivered 4404 cars. These brands are not so known on western markets as their stocks are not publicly listed. However, definitely worth watching when it comes to the EV races as their sales and popularity among millennials are not bad. Both Neta and Leap Motors consider listing on STAR Shanghai exchange, a Chinese alternative to NASDAQ, by the end of 2021. Moreover, Leap Motors just finished the pre-IPO round of investments of 4.5 billion yuan ($90 million) led by CICC Capital. Neta recently secured huge investment from the Chinese digital giant Qihoo 360 (Chinese Norton Antivirus).

For Leap Motors, it was a huge jump as they sold +666% more than in July last year. By 2021 their cumulative sales for the first half of the year (January – July) were 28 000 cars. For Neta, the jump was +400% year on year, and their sales for the first six months of the year are 27 000.

To put these numbers into context, it is worth mentioning the price of particular cars. The Nio is the most exp3ensive brand; the seven-seater Nio ES8 costs 450 000 yuan ($67 000). Li Auto has only one model on sale – Li-One. It is not even a pure EV but a range-extended electric vehicle with a 1.2L ICE engine that powers the electric motor when the 40kWh battery is out of power. The price of Li-One is 338 000 yuan ($52 700). The cheapest of the three is Xpeng which sedan P7 costs 229 000 yuan ($35 000), and the new sedan P5 will be priced even more aggressively at $24 000 (!).

Li Auto’s total sales of Li-One are over 72 300 cars. Nio total sales are over 117 600. Xpeng’s total sales are over 73 800 cars, of which over 30 738 were this year.

July Xpeng deliveries consisted of

    • Xpeng P7: 4 730
    • Xpeng G3: 1 835

July Nio deliveries consisted of

    • ES6: 3 669
    • EC6: 2 560
    • ES8s: 1 702

July Li Auto deliveries

    • Li One: 8589

Source: Xpeng, Nio, Li Auto,

 

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