China’s homegrown electric-car makers show continued growing demand
4 Oct, 2020 10:33
source: Singularity Financial
Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI) announced that the Company delivered 3,504 Li ONEs in September 2020. The Company’s vehicle deliveries in the third quarter of 2020 reached 8,660 units, representing a 31.1% quarter-over-quarter increase.
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As of September 30, 2020, the Company had 35 retail stores covering 30 cities. Looking ahead, the Company is confident to further expand its direct sales and servicing network nationwide.
XPeng achieved a record month of 3,478 Smart EV deliveries in September 2020, a 31% increase from August and a 145% increase year-over-year. The deliveries consisted of 2,573 P7s, the Company’s smart sports sedan, and 905 G3s, its compact smart SUV.
In the third quarter of 2020, XPeng delivered a total of 8,578 Smart EVs, consisting of 6,210 P7s and 2,368 G3s, representing an increase of 266% year-over-year.