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Tag Archives: li auto

Xpeng Shares Slide 5% Following Weak Q1 2023 Outing & Q2 Deliveries Forecast 

China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.  The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast. Xpeng shares sank in US pre-market trade after the company reported a 50% year-over-year (YoY) decline in Q1 revenue. The company raked in income of 4.03 billion Chinese yuan ($571.6 million) compared to the 5.19...

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Chinese EV Brand Li Auto Registers 66% Surge in Q1 2023 Deliveries

Li Auto claims to have grabbed 20% of the total market for SUVs in the price range of 300,000 yuan ($43,674) to 500,000 yuan.  Chinese electric carmaker Li Auto registered a massive surge in sales for the last month of March and thus for the entire Q1 2023. During the month of March, Li Auto delivered a total of 20,823 vehicles. This was more than what rival company Xpeng did during the entire first quarter. Li Auto in Q1 2023 During the first three months of the year, Li Auto delivered a...

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