While Nio and Li Auto reported monthly deliveries of more than 10,000 each, Xpeng said it delivered just 5,101 cars — a third-straight month of decline.
After having only one model on the market since 2019, Li Auto has launched three new models in the last few months — the L9 which began deliveries in August, the L8 which is set to begin deliveries this month and the L7 which is set to reach consumers early next year.
Unlike Xpeng and Nio, Li Auto's vehicles are not purely electric as they come with a fuel tank to charge the battery and extend driving range. Among the three companies, Li Auto's U.S.-listed shares have held up the best in a year of broad market declines. The stock is down by about 55% so far this year, while Nio shares have dropped by 69% and Xpeng is down by 87%.
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