Xpeng Motors launches the P5 sedan at an occasion in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third manufacturing mannequin and options so-called Lidar know-how.
Arjun Kharpal | CNBC
BEIJING — U.S.-listed electrical automotive start-up Li Auto reported extra deliveries than Xpeng in June, placing the latter in final place for the month amongst a intently adopted trio of Chinese language automakers.
Li Auto stated Friday that final month, it delivered 7,713 items of its solely mannequin available on the market, the Li One SUV. The Chinese language start-up stated the determine marked a brand new month-to-month excessive. Li One is extra of a hybrid because it comes with a gasoline tank to cost the battery and prolong driving vary.
Xpeng stated its deliveries for June additionally set a month-to-month file, at 6,565 autos. The corporate stated the vast majority of deliveries have been for its P7 sedan, versus its G3 SUV.
On Thursday, Nio stated deliveries for June reached 8,083 vehicles — additionally a month-to-month file. That introduced the second-quarter whole close to the excessive finish of Nio’s forecast.
Nio has ranked first among the many three U.S.-listed Chinese language electrical automotive start-ups by month-to-month deliveries, whereas Xpeng has usually taken second place.
Xpeng’s drop to 3rd place in June comes because the New York Inventory Change-listed firm is ready to launch a “twin major itemizing” on July 7 in Hong Kong that might increase as a lot as $2 billion.
The corporate has two different autos slated to start deliveries later this yr, an up to date model of the G3 known as the G3i SUV and a brand new sedan, the P5.
Regardless of rating third in June by month-to-month deliveries, Xpeng exceeded the excessive finish of its second quarter steerage by practically 1,400 autos.
However Li Auto beat its quarterly forecast by greater than 2,000 autos.