Tag: $Li Auto

Li Auto stock was falling after weaker-than-expected earnings. Demand for its all-electric vehicles isn’t the main problem. Car pricing is.

Tesla reportedly cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan.

Chinese electric vehicle makers Li Auto, NIO -3.64%, and XPeng reported March deliveries Monday morning. Results highlight how demand growth for all-battery electric vehicles decelerated throughout the quarter, pressuring stocks of many EV makers, including Tesla -2.25%.

Li Auto stock was rising after delivering the kind of earnings that Tesla and other electric-vehicle peers needed. Growth was better than expected and more growth is coming.

Deliveries at Chinese battery electric vehicle makers Li Auto , XPeng , and NIO set a record in November.

Li Auto reported strong third-quarter numbers. What’s more, the outlook for the fourth quarter was solid. That’s good for shares of Li Auto, and it’s not bad for Tesla stock either.

NIO reported deliveries of 16,074 vehicles in October, up from 10,059 units delivered in October 2022. In September, NIO delivered 15,461 units

Chinese electric-vehicle delivery numbers were released just as September begins. They are key for many EV makers, including leaders Tesla +0.46% and BYD 1211 +0.41% . They are also key for investors who want to see strong demand.

Early results for Chinese electric-vehicle deliveries have been released. They were excellent. That’s a positive for Tesla , BYD , and other auto makers selling battery-powered vehicles in the world’s largest new car market.