A Li Xiang One hybrid SUV is on show in the course of the 18th Guangzhou Worldwide Vehicle Exhibition at China Import and Export Honest Complicated
A Li Xiang One hybrid SUV is on show in the course of the 18th Guangzhou Worldwide Vehicle Exhibition at China Import and Export Honest Complicated on November 23, 2020 in China.
Li Zhihao | Visible China Group | Getty Pictures
BEIJING — As 2021 kicks off, a slide in January deliveries places Chinese language automaker Li Auto in third place behind its start-up opponents Nio and Xpeng.
Nasdaq-listed Li Auto mentioned late Monday, Jap Time, it delivered 5,379 Li One SUVs in January. That is down from 6,126 in December and under Nio’s 7,225 and Xpeng’s 6,015 deliveries for January.
Li Auto additionally introduced it’s organising a brand new analysis and improvement heart in Shanghai for autonomous driving and different electrical vehicle-related applied sciences.
Shares of Li Auto fell probably the most amongst its friends in U.S. buying and selling Tuesday, down 5.7% versus losses of about 4.6% for Xpeng and a pair of.1% for Nio. Tesla shares rose 3.9%.
Competitors for high-end electrical SUVs elevated in January with Tesla saying it could quickly start deliveries of its China-made Mannequin Y at a worth near that of vehicles from Nio and Li Auto. Tesla delivered 180,570 electrical vehicles worldwide within the final three months of 2020 alone.
The Li One SUV is Li Auto’s first and solely mannequin to date. It was the best-selling high-end electrical SUV in 2020 and even made it into the highest 10 listing for high-end SUVs general, together with Nio, in accordance with China’s Passenger Automobile Affiliation.
Morgan Stanley analysts mentioned the Li One SUV stands out for its gas tank that may cost the battery and lengthen the driving vary by 620 kilometers (385 miles) to a complete of 800 kilometers.
One in every of Chinese language shoppers’ greatest issues about shopping for an electrical automobile is whether or not it should run out of battery energy too rapidly, with no charging station close by or lengthy charging instances.
January’s deliveries of 5,379 Li One SUVs nonetheless marked a four-fold enhance from the identical interval a 12 months in the past, and cumulative deliveries have surpassed 38,900 because the automobile’s launch in December 2019, in accordance with Li Auto.
That is lower than half of the over 82,800 automobiles Nio mentioned it had cumulatively delivered as of the tip of January. Nio has three SUV fashions available on the market, and plans to start deliveries of a sedan subsequent 12 months.