Li Auto and Xpeng continue rewriting monthly sales records, charged by mainland China’s love for battery-powered vehicles
- Beijing-based carmaker Li Auto has now broken its monthly sales record for eight straight months, after November peak
- Guangzhou-based Xpeng‘s November deliveries erased the monthly record set in October
Li Auto, which joined the Hang Seng Index as one of the new constituents this month, reported deliveries of 41,030 units in November, up 1.5 per cent from the previous record of 40,422 it had set in October. The Beijing-based carmaker has now broken its monthly sales record for eight straight months.
“In November, Li Auto achieved its full-year delivery target ahead of time,” Li Xiang, co-founder and CEO of Beijing-based Li Auto, said in a statement on Friday. “Propelled by the growing market demand, we will continue to strive for a 50,000 monthly delivery target in December with ample preparations in sales, supply, production, and delivery capabilities.”
Li Auto, which builds luxury sport utility vehicles (SUVs), has emerged as Tesla’s biggest challenger in mainland China this year, buoyed by strong sales of its new models – L7, L8 and L9. All its vehicles are priced above 300,000 yuan (US$42,335).
The company’s total deliveries between January and November jumped 191 per cent year on year to 325,677 units, beating its full-year sales target of 300,000 vehicles.
