Li Auto, XPeng, Nio: July EV Deliveries From Chinese EV Startups Compared
Portfolio Pulse from Anan Ashraf
Chinese EV maker Li Auto (NASDAQ:LI) delivered a record 51,000 vehicles in July, marking a 49.4% year-over-year increase and a nearly 7% rise from June. The Li L6 SUV contributed significantly to this growth, with over 20,000 units sold.
August 01, 2024 | 8:55 am
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Li Auto delivered a record 51,000 vehicles in July, a 49.4% year-over-year increase and a nearly 7% rise from June. The Li L6 SUV was a major contributor, with over 20,000 units sold.
The record vehicle deliveries and significant year-over-year growth indicate strong demand and operational efficiency, likely boosting investor confidence and positively impacting the stock price in the short term.
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