Earnings

Chinese EV brand Li Auto sees first-quarter deliveries surge by 66%

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Chinese electric car startup Li Auto saw deliveries surge by nearly 66% in the first quarter from a year ago.

Zhang Peng | Lightrocket | Getty Images

BEIJING — Chinese electric car brand Li Auto delivered more cars in March than Xpeng did in the first quarter, according to company releases.

Li Auto delivered 20,823 vehicles in March — for a total of 52,584 deliveries in the first three months of the year. That’s up by nearly 66% from the first quarter of 2022.

In contrast, Xpeng only delivered 18,230 cars in the first quarter — down by about 47% from the same period a year ago.

Xpeng delivered 7,002 vehicles in March, above the monthly average for the first quarter. Nearly half of the…



Source cnbc.com

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