Chinese electric car start-up Li Auto delivers more cars than Xpeng again – CNBC
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021.
Costfoto | Barcroft Media | Getty Images
BEIJING — Deliveries of what is essentially a hybrid electric car from U.S.-listed Li Auto surpassed those of rival start-up Xpeng for a second straight month in July.
Li Auto said Sunday it delivered 8,589 Li One vehicles in July, a monthly record. The Li One SUV is the company’s only model on the market. The car comes with a fuel tank for charging the battery, extending the 180-kilometer driving range by about 620 km (385.35 miles).
Xpeng said Monday it also delivered a monthly record of 8,040 vehicles — of which 75% were its P7 sedan, rather than its other model, the G3 SUV.
Just over a week later, Xpeng announced its third model and second sedan, the P5, would sell for as low as 160,000 yuan ($25,000). That’s less than the starting price for Tesla’s Model 3 in China at 250,900 yuan. Deliveries of the P5, which comes in six versions, are set to begin in the fourth quarter.
— CNBC’s Arjun Kharpal contributed to this report.