Chinese EV Maker Li Auto's Deliveries Surpass 30,000 In A Month For 1st Time Ever
Portfolio Pulse from Benzinga Newsbot
Chinese EV maker Li Auto Inc. (NASDAQ:LI) reported a record 32,575 vehicle deliveries in June, a 150.1% YoY increase. This is the first time the company surpassed the 30,000 monthly delivery mark, bringing its Q2 total to 86,533, up 201% YoY. The company has already surpassed its total vehicle deliveries for the entire year of 2022 with its deliveries in the first half of 2023. The company's strong performance contrasts with the sequential growth reported by XPeng (NYSE:XPEV), which delivered 8,620 EVs in June, a 15% increase over the previous month.
July 01, 2023 | 9:57 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Li Auto's record-breaking deliveries in June and strong Q2 performance could boost investor confidence and potentially drive the stock price up in the short term.
The record-breaking deliveries indicate strong demand for Li Auto's products, which could translate into higher revenues and profitability. This could positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
XPeng's slower growth in June deliveries compared to Li Auto could potentially impact investor sentiment and the stock price negatively in the short term.
The slower growth in deliveries compared to Li Auto could indicate weaker demand for XPeng's products, which could negatively impact revenues and profitability, and subsequently the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50