A newly launched Li Auto L6 new power automobile is displayed at a retailer in Shanghai, China, on April 19, 2024.
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BEIJING — Chinese language new power automobile firm Li Auto introduced Thursday it delivered a record number of cars in July, boosted by gross sales of its new, lower-cost Li L6 SUV.
The brand new mannequin and most of Li Auto’s automobiles include a gasoline tank for extending the battery’s driving vary. The sturdy deliveries replicate Chinese language shoppers’ persistent concerns about relying solely on a battery for driving.
U.S.-listed Li Auto mentioned it delivered 51,000 automobiles in July, surpassing the 50,000 mark for the primary time since December and setting a file for the corporate. The automaker mentioned its Li L6 that launched in April has seen month-to-month deliveries of greater than 20,000.
The SUV is the corporate’s most cost-effective automobile, beginning at 249,000 yuan ($34,373), just like Tesla’s Mannequin Y in China. Li Auto’s different fashions value greater than 300,000 yuan.
Tesla, which solely sells pure battery-powered automobiles, doesn’t escape month-to-month deliveries by nation. The China Passenger Automobile Affiliation mentioned Tesla China bought 59,261 cars in June.
Nio, which additionally solely sells pure battery-powered automobiles, delivered 20,498 cars in July, holding above 20,000 for a third-straight month after delivering as few as 8,132 automobiles in February.
Different main battery-only automakers reported decrease month-to-month figures.
Geely-owned Zeekr reported July deliveries of 15,655, whereas Xpeng delivered 11,145 cars final month.
Smartphone and residential equipment firm Xiaomi solely mentioned it delivered greater than 10,000 of its SU7 electrical sedan in July, the identical as in June and a tempo it anticipated to take care of in August. The corporate introduced two weeks in the past that it was on monitor to deliver 100,000 cars by November, a month sooner than beforehand introduced.
BYD sees hybrid gross sales dominate
Main automakers promoting each battery-only and hybrid-powered automobiles usually delivered extra automobiles.
Trade big BYD reported a complete of 340,799 passenger automotive gross sales in July, greater than 60% of which had been of plug-in hybrids. The hybrid class additionally noticed year-on-year gross sales progress of 44%, versus slightly below 14% for battery-only automobiles.
That contrasts with whole gross sales figures for 2023, during which battery-only automobiles grew sooner than hybrids to account for simply over half of BYD’s passenger automotive gross sales.
Aito, a model co-developed by Huawei, delivered 41,535 automobiles in July, down from 42,780 in June.
The tech firm has centered on promoting software program for automobiles as an alternative of producing them. A submitting in July confirmed Huawei is promoting the Aito trademark and patents to automaker Seres for two.5 billion yuan.
— CNBC’s Sonia Heng contributed to this report.
