XPeng Rises 3% Premarket While Li Auto Falls 4% After Delivery Data
XPeng shares rose 3% in premarket trading while Li Auto fell 4% after monthly delivery data. In November, China’s EV market was mostly up, with Li Auto and Nio being exceptions.
Volkswagen-backed Xpeng reported sales of 30,895 units in November 2024, up 29.2% from 23,917 units in October and 54.2% from 20,041 units a year earlier.
In 2024 (January – November), Xpeng delivered 153,373 EVs, up 26.2% from the same period last year.
Xpeng sales include its series Mona, which delivered over 10,000 units in November, according to Xpeng. Mona currently sells only one car, a Tesla Model 3 competitor, the Mona M03 sedan, which was launched in August.
Xpeng global EV sales in November 2024. Credit: China EV DataTracker
Li Auto reported deliveries of 48,740 units in November 2024, down 5.3% from 51,443 in October but up 18.8% from 41,030 units in the same month last year.
In 2024 (January – November), Li Auto delivered 441,995 EVs, up 35.7% from the same period last year.
Li Auto EV sales in November 2024. Credit: China EV DataTracker
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