Chinese EV brands Nio, Xpeng, Li Auto keep pace with Q3 guidance

Beijing – China Electric Vehicle Company Nioh, Xpeng and ideal car Delivered enough vehicles in August to keep up with third-quarter guidance.

That’s according to announcements from the three U.S.-listed companies

Li Auto maintains leading position again 34,914 vehicles delivered in august. That was above the forecast range of 33,333 to 34,333 deliveries per month in the third quarter.

The company also delivered about 800 more vehicles in August than in July. Its vehicles are not all-electric, as they are equipped with fuel tanks to extend the battery’s range.

neo said 19,329 vehicles delivered August deliveries were down more than 1,000 vehicles from July, but above the company’s forecast range of 18,300 to 19,000 deliveries per month for the July-September period.

Xpeng is still far behind 13,690 EV deliveries About 11,000 vehicles were delivered in August, following deliveries of about 11,000 vehicles the previous month.

More than half of August’s deliveries were for the company’s new G6 coupe-SUV, which it launched in late June. Xpeng Motors said that the cumulative delivery of the G6 has exceeded 11,000 units.

The company expects overall monthly deliveries of 13,000 to 13,667 vehicles in the third quarter.

Last week, Xpeng Motors said it would acquire Didi’s smart car assets to develop a mass-market electric car to be launched next year. Nio also said it plans to enter the mass market with a separate “Alps” brand in the second half of next year.

Chinese EV giant BYD Already operating in the mass market and expanding into the premium price range.

BYD said it sold 145,627 pure electric passenger vehicles in August, up from 134,783 in July for the category.

China’s fast-growing EV market remains highly competitive.

State-owned GAC’s Aion electric car brand says 52,057 vehicles delivered August — far more than any of the three aforementioned startups. Aion sells high-priced cars as well as lower-priced models that cost around $20,000.

In July, data from the China Passenger Federation showed that the monthly retail sales of BYD, An’an, and Ideal Auto surpassed Tesla China.

Elon Musk’s tesla A new version of the Model 3 with a higher price tag and longer range was announced on Friday.