A newly launched Li Auto L6 new vitality car is displayed at a retailer in Shanghai, China, on April 19, 2024.
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BEIJING — Chinese language new vitality car firm Li Auto introduced Thursday it delivered a document variety of automobiles in July, boosted by gross sales of its new, lower-cost Li L6 SUV.
The brand new mannequin and most of Li Auto’s automobiles include a gas tank for extending the battery’s driving vary. The robust deliveries mirror Chinese language shoppers’ persistent issues about relying solely on a battery for driving.
U.S.-listed Li Auto mentioned it delivered 51,000 automobiles in July, surpassing the 50,000 mark for the primary time since December and setting a document for the corporate. The automaker mentioned its Li L6 that launched in April has seen month-to-month deliveries of greater than 20,000.
The SUV is the corporate’s least expensive car, beginning at 249,000 yuan ($34,373), much like Tesla’s Mannequin Y in China. Li Auto’s different fashions value greater than 300,000 yuan.
Tesla, which solely sells pure battery-powered automobiles, doesn’t get away month-to-month deliveries by nation. The China Passenger Automotive Affiliation mentioned Tesla China offered 59,261 automobiles in June.
Nio, which additionally solely sells pure battery-powered automobiles, delivered 20,498 automobiles in July, holding above 20,000 for a third-straight month after delivering as few as 8,132 automobiles in February.
Different main battery-only automakers reported decrease month-to-month figures.
Geely-owned Zeekr reported July deliveries of 15,655, whereas Xpeng delivered 11,145 automobiles final month.
Smartphone and residential equipment firm Xiaomi solely mentioned it delivered greater than 10,000 of its SU7 electrical sedan in July, the identical as in June and a tempo it anticipated to take care of in August. The corporate introduced two weeks in the past that it was on monitor to ship 100,000 automobiles by November, a month sooner than beforehand introduced.
BYD sees hybrid gross sales dominate
Main automakers promoting each battery-only and hybrid-powered automobiles typically delivered extra automobiles.
Business big BYD reported a complete of 340,799 passenger automotive gross sales in July, greater than 60% of which have been of plug-in hybrids. The hybrid class additionally noticed year-on-year gross sales progress of 44%, versus just below 14% for battery-only automobiles.
That contrasts with complete gross sales figures for 2023, wherein battery-only automobiles grew quicker than hybrids to account for simply over half of BYD’s passenger automotive gross sales.
Aito, a model co-developed by Huawei, delivered 41,535 automobiles in July, down from 42,780 in June.
The tech firm has centered on promoting software program for automobiles as an alternative of producing them. A submitting in July confirmed Huawei is promoting the Aito trademark and patents to automaker Seres for two.5 billion yuan.
— CNBC’s Sonia Heng contributed to this report.
