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Chinese EV brands Li Auto and Zeekr report record September deliveries | Real Time Headlines

Li Auto’s Li L6 is on display at its booth during the Beijing International Auto Show (2024 China International Auto Show) in Beijing, China, on April 25, 2024.

Tingshu Wang | Reuters

Beijing—China’s new energy vehicle brand ideal car and Zekel Both companies posted record vehicle deliveries in September, according to company data released on Tuesday.

New energy vehicles include hybrid vehicles and pure battery vehicles. The proportion of this category More than half of new passenger cars sold According to industry data, in China in July and August.

Li Auto delivered 53,709 vehicles in Septembersetting a record more than 5% above the previous high set in July. The company’s cars are equipped with fuel tanks to extend the battery’s range.

auspiciousZeekr, the electric vehicle company it owns, also set a record The number of cars in September was 21,333.

Nioh, BYD, Millet As of Tuesday afternoon, September deliveries for the Huawei-co-developed Aito had not yet been announced.

Markets in mainland China and Hong Kong were closed for holidays on Tuesday. Hong Kong’s stock market will reopen on Wednesday, while mainland markets will not resume trading until October 8.

RBC's Tom Narayan says Tesla is where investors can find safety

Xpeng Motors Also set a record Electric vehicle delivery volume in September was 21,352 unitsincluding more than 10,000 units of its mass-market Mona brand M03 coupelaunching in late August.

The car and other new models launched by Chinese rivals this year are priced lower than similar products Tesla Model.

The Tesla Model Y SUV retails for 249,900 yuan ($35,630), while the Model 3, the brand’s most affordable car, starts at 231,900 yuan. After cutting prices earlier this year, Tesla kept prices unchanged this summer.

September’s record puts Li Auto and Xpeng Motors on track to beat previously announced delivery forecasts, while Zeekr is a few thousand units short of the monthly average minimum number needed to hit its previously reported annual target.

After the news was announced, at 04:15 a.m. Eastern Time, Xpeng Motors’ U.S.-listed share price rose 3.12% in after-hours trading.

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