Chinese EV Startups Report July Deliveries: Nio, Li Auto, XPeng Numbers Compared
Portfolio Pulse from Anan Ashraf
Chinese EV startups Li Auto and XPeng reported their July delivery numbers. Li Auto saw a year-on-year increase of 227.5% to 34,134 vehicles, surpassing its previous month's delivery record. XPeng delivered 11,008 EVs in July, a 28% increase over the prior month, marking the company’s six straight month of delivery number growth. However, XPeng's delivery numbers are a slump from July last year.
August 01, 2023 | 9:35 am
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POSITIVE IMPACT
Li Auto reported a significant year-on-year increase in delivery numbers, indicating strong growth.
The reported increase in delivery numbers indicates strong demand for Li Auto's vehicles, which could lead to increased revenues and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
XPeng reported a month-on-month increase in delivery numbers, but a slump from the same period last year.
While XPeng's delivery numbers have increased compared to the previous month, the slump compared to the same period last year could indicate potential challenges in maintaining growth. This could have a neutral impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100