Nio August EV deliveries grow while Xpeng, Li Auto fall; shares drop


Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions for the resurgence of Covid in China as well as weaker consumer demand due to a difficult economic environment in the country.

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Stocks of Chinese electric vehicle makers Nio, Li Auto and Xpeng tanked on Thursday after the latter two start-ups reported a sharp fall in August car deliveries.

Here are the August delivery numbers for the three companies:

  • Li Auto: Delivered 4,571 vehicles in August, down 56% versus July’s number of 10,422 cars. That…


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