Smart and Sustainable Electric Mobility
For the second month in a row, all three Li Auto models saw over 10,000 monthly deliveries at the same time, with the highest-priced Li L9 setting a record.
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Li Auto's management believes China's NEV penetration will reach 90 percent by 2028, when it will need to sell at least 3 million vehicles annually if it is to become one of the top five players, according to local media.
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Nio and Xpeng both had 1,300 insurance registrations in China last week, according to data shared by Li Auto.
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Li Auto is set to take deliveries to the next level in the fourth quarter and is expected to see monthly deliveries of more than 40,000 units, the company's CEO said.
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Currently, Li Auto’s sales are still growing. According to CEO Li Xiang’s previous statement, Li Auto’s sales will still be above 30,000 in October and hit 40,000 in November.
The post Li Auto delivered 36,060 vehicles in September, up 212% year-on-year appeared first on CarNewsChina.com.
This is the sixth consecutive month of record monthly deliveries for Li Auto, bringing third quarter deliveries to a record 105,108 vehicles, above the upper end of the previous guidance range of 100,000 to 103,000 vehicles.
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New short positions in Chinese ADRs so far this month were the highest monthly short-selling flows in 2023, with Nio being the most shorted, Morgan Stanley said.
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Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
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As of today, Li Auto's cumulative deliveries so far this month stand at 34,501 units.
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From September 1 to September 24, Nio was at 13,900 units, Xpeng at 10,400 units and Li Auto at 29,200 units.
The post China EV insurance registrations for week ending Sept 24: Nio 4,000, Li Auto 9,000, Tesla 13,500 appeared first on CnEVPost.
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