{"id":67575,"date":"2023-10-01T14:23:24","date_gmt":"2023-10-01T18:23:24","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/nio-xpeng-li-auto-ev-deliveries-all-look-solid\/"},"modified":"2023-10-01T14:23:26","modified_gmt":"2023-10-01T18:23:26","slug":"nio-xpeng-li-auto-ev-deliveries-all-look-solid","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67575","title":{"rendered":"NIO, XPeng, Li Auto EV Deliveries All Look Solid"},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n
<\/div>\n<\/figure><\/div>\n

There is an electric vehicle price war in China. It\u2019s working. <\/p>\n

Early delivery results for September look solid.
\n NIO
\n (ticker:
\n NIO
\n ),
\n Li Auto
\n (LI), and
\n XPeng
\n (XPEV) delivered a combined 66,831 vehicles this past month, up 116% from the same time last year. It\u2019s the second-best combined month ever. The trio delivered 68,203 in August. <\/p>\n

\n

NIO delivered 15,461 units in September, up about 44% from the same time last year. For the third quarter, NIO delivered 55,432 units, up about 75% from a year ago. <\/p>\n

Wall Street projects third-quarter sales of about $2.7%, up about 48% from last year. Price cuts are part of the reason for the difference between unit sales and revenue. EV makers in China, including
\n Tesla
\n (TSLA), have been lowering prices to preserve market share and boost demand. Citi analyst Jeff Chung wrote recently that the average discount for EVs in China, off suggested retail prices, is about 3.5%, up from 2.5% a few months ago. <\/p>\n

Chung\u2019s been following pricing for a while. In August, he counted more than 20 price cuts on EV models from at least 10 auto makers. He characterized the actions as a price war. <\/p>\n

\n XPeng
\n \u00a0delivered 15,310 vehicles in September, up about 81% from one year ago. For the third quarter, XPeng delivered 40,278 units, up about 36% from last year. Wall Street expects third-quarter revenue to hit about $1.2 billion, up about 25% from the same time last year. <\/p>\n

Li continued its hot streak, delivering 36,060 units in September, up about 213% from a year ago. For the quarter, Li delivered 105,108 units, up almost 300% from last year. Wall Street expects third-quarter revenue to rise about 245% from the same time last year, to about $4.6 billion. <\/p>\n

The results are roughly in line with Wall Street expectations and illustrate that EV demand is still growing, even if prices are part of the reason. <\/p>\n

The stocks aren\u2019t trading on Sunday. Coming into Monday trading, XPeng and Li shares are up about 67% and 47%, respectively, over the past six months. NIO stock is down about 8%. The
\n S&P 500
\n and
\n Nasdaq Composite
\n are up about 4% and 8%, respectively.<\/p>\n

\n Tesla
\n is due to report third-quarter deliveries on Monday. Tesla doesn\u2019t report monthly numbers. Wall Street is expected about 455,000 units, down from about 466,000 delivered in the second quarter. Tesla stock is up about 28% over the past six months. <\/p>\n

Write to Al Root at allen.root@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There is an electric vehicle price war in China. It\u2019s working. Early delivery results for September look solid. NIO (ticker: NIO ), Li Auto (LI), and XPeng (XPEV) delivered a combined 66,831 vehicles this past month, up 116% from the same time last year. It\u2019s the second-best combined month ever. The trio delivered 68,203 in […]<\/p>\n","protected":false},"author":1,"featured_media":67576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-67575","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nNIO, XPeng, Li Auto EV Deliveries All Look Solid | iFintechWorld<\/title>\n<meta name=\"description\" content=\"There is an electric vehicle price war in China. It\u2019s working. Early delivery results for September look solid. NIO (ticker: NIO ), Li Auto (LI), and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=67575\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIO, XPeng, Li Auto EV Deliveries All Look Solid | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"There is an electric vehicle price war in China. It\u2019s working. Early delivery results for September look solid. NIO (ticker: NIO ), Li Auto (LI), and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=67575\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-01T18:23:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-01T18:23:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696184605_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67575#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67575\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"NIO, XPeng, Li Auto EV Deliveries All Look Solid\",\"datePublished\":\"2023-10-01T18:23:24+00:00\",\"dateModified\":\"2023-10-01T18:23:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67575\"},\"wordCount\":396,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67575#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67575\",\"url\":\"https:\/\/ifintechworld.com\/?p=67575\",\"name\":\"NIO, XPeng, Li Auto EV Deliveries All Look Solid | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-01T18:23:24+00:00\",\"dateModified\":\"2023-10-01T18:23:26+00:00\",\"description\":\"There is an electric vehicle price war in China. It\u2019s working. Early delivery results for September look solid. NIO (ticker: NIO ), Li Auto (LI), and\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=67575#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=67575\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=67575#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NIO, XPeng, Li Auto EV Deliveries All Look Solid\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NIO, XPeng, Li Auto EV Deliveries All Look Solid | iFintechWorld","description":"There is an electric vehicle price war in China. It\u2019s working. Early delivery results for September look solid. NIO (ticker: NIO ), Li Auto (LI), and","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=67575","og_locale":"en_US","og_type":"article","og_title":"NIO, XPeng, Li Auto EV Deliveries All Look Solid | iFintechWorld","og_description":"There is an electric vehicle price war in China. It\u2019s working. Early delivery results for September look solid. NIO (ticker: NIO ), Li Auto (LI), and","og_url":"https:\/\/ifintechworld.com\/?p=67575","og_site_name":"iFintechWorld","article_published_time":"2023-10-01T18:23:24+00:00","article_modified_time":"2023-10-01T18:23:26+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696184605_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=67575#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=67575"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"NIO, XPeng, Li Auto EV Deliveries All Look Solid","datePublished":"2023-10-01T18:23:24+00:00","dateModified":"2023-10-01T18:23:26+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=67575"},"wordCount":396,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=67575#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=67575","url":"https:\/\/ifintechworld.com\/?p=67575","name":"NIO, XPeng, Li Auto EV Deliveries All Look Solid | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-01T18:23:24+00:00","dateModified":"2023-10-01T18:23:26+00:00","description":"There is an electric vehicle price war in China. It\u2019s working. Early delivery results for September look solid. NIO (ticker: NIO ), Li Auto (LI), and","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=67575#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=67575"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=67575#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"NIO, XPeng, Li Auto EV Deliveries All Look Solid"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67575"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67575\/revisions"}],"predecessor-version":[{"id":67577,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/67575\/revisions\/67577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/67576"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}