3 EV startups rack up steady sales increases

Sales at three Chinese electric vehicle startups – Nio, XPeng and Li Auto – continue to rise as the country moves beyond the crippling effects of the coronavirus outbreak.

Nio’s September deliveries advanced for the seventh straight month, soaring 133 percent to 4,708, the company said this week. 

The number includes 1,482 ES8 SUVs, 3,210 ES6 crossovers and 16 EC6 coupe-like crossovers, according to the company. Deliveries of the EC6 began on Sept. 25.

In the first three quarters, Nio’s cumulative sales reached 26,375, a surge of 114 percent from the same period last year.

Last month, deliveries at XPeng soared 145 percent to 3,478. The tally comprises 2,573 P7s and 905 of the company’s first model, the G3 crossover.

XPeng’s second product, the P7 sedan, went on sale in late June. 

Through September, sales at XPeng rose 9.7 percent to 14,077. 

Li Auto launched sales of its first and only product, the Li One SUV, in December 2019. 

In September, deliveries of the Li One reached 3,504 with year-to-date sales totaling 18,160.

Nio, created in Shanghai in 2014, launched an initial public offering on the New York Stock Exchange in 2018. 

XPeng, established in the south China city of Guangzhou in 2014, went public on the New York Stock Exchange in August. 

Li Auto, incorporated in Beijing in 2015, was listed on Nasdaq in July.

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