In September, Li Auto and Zeekr achieved their highest monthly deliveries.

In September, Li Auto and Zeekr achieved their highest monthly deliveries.
In September, Li Auto and Zeekr achieved their highest monthly deliveries.
  • In September, Li Auto and Zeekr set new records for the number of cars they delivered, as revealed in company data released on Tuesday.
  • In September, Xpeng recorded a new high of 21,352 electric car deliveries, with over 10,000 units of its mass market Mona brand's M03 coupe, which was launched in late August.
  • Li Auto and Xpeng are on track to surpass their previously stated delivery targets based on September's records.

In September, Chinese new energy vehicle brands recorded a unprecedented number of cars sold, as per data released by the companies on Tuesday.

In July and August, more than half of new passenger cars sold in China were new energy vehicles, which include hybrids and those powered solely by battery, according to industry data.

In September, Li Auto recorded 53,709 deliveries, surpassing a previous record by more than 5%. The company's vehicles feature a fuel tank to enhance the battery's driving range.

In September, Zeekr, an electric car company owned by Geely, set a new record with the delivery of 21,333 vehicles.

As of Tuesday afternoon, Xiaomi and Aito, which were co-developed by Huawei, had not yet released their September deliveries.

Hong Kong markets will reopen Wednesday, while mainland China's markets will resume trading on Oct. 8. Both markets were closed on Tuesday for a holiday.

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In September, the company claimed a record 21,352 electric car deliveries, with over 10,000 units of its mass market Mona brand's M03 coupe, launched in late August.

This year, Chinese competitors have launched new car models that are priced lower than their comparable counterparts.

The Tesla Model Y SUV and Model 3 car are priced at 249,900 yuan and 231,900 yuan, respectively. Despite price cuts earlier this year, Tesla has maintained the same prices this summer.

Li Auto and Xpeng are on track to exceed their previously announced delivery forecasts based on September records, while Zeekr fell short of the average monthly minimum needed to achieve its annual goal by a few thousand vehicles.

by Evelyn Cheng

China Economy