Li Auto reports record deliveries for August; Chinese EV brands on track to hit third-quarter guidance

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Chinese electric car companies Nio, Xpeng and Li Auto delivered enough vehicles in August to keep pace with their third-quarter guidance.

Just over half of deliveries for August were of the company's new G6 coupe SUV, launched in late June. Xpeng said cumulative deliveries of the G6 have surpassed 11,000 units.

The company forecasts overall monthly deliveries between 13,000 and 13,667 cars for the third quarter.for launch next year. Nio also said it plans to enter the mass market under a separate"Alps" brand in the second half of next year.already operates in the mass market, and is expanding into the premium price range.

BYD said it sold 145,627 purely battery-powered passenger cars in August, up from 134,783 vehicles sold in that category in July.State-owned GAC's Aion electric car brand said itin August — far more than any of the three startups mentioned above. Aion sells both premium-priced cars and less expensive models with price tags of about $20,000.

In July, China Passenger Car Association data showed that BYD, Aion and Li Auto surpassed Tesla China in terms of monthly retail sales.

 

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