All three Li Auto models delivered more than 10,000 units in October, and all were record highs.
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All three Li Auto models delivered more than 10,000 units in October, and all were record highs.
The post Li Auto Oct deliveries breakdown: Li L7 at 15,525, Li L8 at 12,142 appeared first on CnEVPost.
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Li Auto's third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank.
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Li Auto's third-quarter revenue was RMB 34.68 billion, up 271.2 percent year-on-year and above market expectations of RMB 33.641 billion.
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Li Auto and Xpeng expect a 100%, and Nio a 50% year-over-year increase in 2024 sales, local media reported, citing the Chinese carmakers' supply chain sources.
The post Xpeng, Li Auto plan to double the sales in 2024, Nio eyes 50% growth rate appeared first on CarNewsChina.com.
Automakers usually provide high forecasts to their supply chain, while suppliers make their own judgments based on the competitiveness of the vehicle models and the operating results of the car companies.
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Li Auto Mega is a large electric minivan with the length of 5350 mm. It will start presales in China this week with a price about 68,670 USD.
The post Li Auto Mega specs exposed with 102.7-kWh pack and 544 hp appeared first on CarNewsChina.com.
Nio (NYSE: NIO) was at 4,200 last week, Xpeng (NYSE: XPEV) at 4,700 and Tesla at 14,000.
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Official market entry is in December, and deliveries are planned for February.
The post Li Auto first EV model to start presale at Guangzhou Auto Show next week appeared first on CarNewsChina.com.
While demand for Li Auto's vehicles remains robust, investor concerns about competition have increased, particularly around Huawei-backed Aito, said Deutsche Bank analyst Edison Yu's team.
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Li Auto delivered 40,422 vehicles in October, marking the first time it has surpassed the 40,000 mark and the seventh consecutive record high.
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