China’s NIO, Xpeng Motors, Li Auto See Deliveries Surge in September

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Many of China’s growing electric auto manufacturers reported their delivery numbers on Friday, and as Tesla usually waits a day or two to post its delivery numbers, analysts are wondering if the U.S. company will follow suit with the upward market trend for Chinese automakers in September.

Xpeng Motors, NIO and Li Auto all reported impressive delivery numbers in September despite an overall downtrend in some other major markets, and many investors have similarly high hopes for Tesla, according to The Motley Fool.

Automakers in China September Deliveries

  • NIO: 10,628 deliveries (+125 percent year over year)
  • Xpeng Motors: 10,412 deliveries (+300 percent year over year)
  • Li Auto: 7,094 deliveries (+190 percent year over year)

Reflecting their reported September deliveries, Xpeng Motors saw a gain of nearly 4 percent in pre-market trading, while NIO rose 3 percent and Li Auto increased by 2 percent prior to market open.

Earlier this week, NIO surpassed 500 battery swap stations in China, achieving a milestone of 4 million battery swaps to date. The company also launched a 75 kWh hybrid cell battery pack last month, set to debut in November.

While many await Tesla’s delivery numbers in China, the company did post its U.S. vehicle safety report, showing yet another decrease in accidents with Autopilot engaged.

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