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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10