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2021-02-03

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Deliveries slide in January for Chinese electric car start-up Li Auto

KEY POINTS Nasdaq-listed Li Auto delivered 5,379 Li One SUVs in January, down from December’s 6,126

Deliveries slide in January for Chinese electric car start-up Li Auto

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeliveries slide in January for Chinese electric car start-up Li Auto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-03 13:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/03/china-deliveries-slide-in-january-for-electric-car-start-up-li-auto.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nNasdaq-listed Li Auto delivered 5,379 Li One SUVs in January, down from December’s 6,126 figure but a four-fold increase from last year.\nChinese electric car start-ups Nio and Xpeng both ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/03/china-deliveries-slide-in-january-for-electric-car-start-up-li-auto.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2c0ab7d3f5d89bb403311ca0a8e68f8e","relate_stocks":{"LI":"理想汽车"},"source_url":"https://www.cnbc.com/2021/02/03/china-deliveries-slide-in-january-for-electric-car-start-up-li-auto.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135775520","content_text":"KEY POINTS\n\nNasdaq-listed Li Auto delivered 5,379 Li One SUVs in January, down from December’s 6,126 figure but a four-fold increase from last year.\nChinese electric car start-ups Nio and Xpeng both delivered more cars than Li Auto last month.\nCompetition increased in January with Tesla announcing its China-made Model Y would soon begin deliveries at a price close to SUVs from Nio and Li Auto.\n\nBEIJING — As 2021 kicks off, a slide in January deliveries puts Chinese automakerLi Autoin third place behind its start-up competitorsNioandXpeng.\nNasdaq-listed Li Auto said late Monday, Eastern Time, itdelivered 5,379 Li One SUVs in January.That’s down from 6,126 in December and below Nio’s 7,225 and Xpeng’s 6,015 deliveries for January.\nLi Auto also announced it is setting up a new research and development center in Shanghai for autonomous driving and other electric vehicle-related technologies.\nShares of Li Auto fell the most among its peers in U.S. trading Tuesday, down 5.7% versus losses of about 4.6% for Xpeng and 2.1% for Nio.Teslashares rose 3.9%.\nCompetition for high-end electric SUVs increased in January with Tesla announcing it would soon begin deliveries of its China-made Model Y at a price close to that of cars from Nio and Li Auto. Tesla delivered 180,570 electric cars worldwide in the last three months of 2020 alone.\nThe Li One SUV isLi Auto’s first and only model so far. It was thebest-selling high-end electric SUV in 2020and even made it into the top 10 list for high-end SUVs overall, along with Nio, according to China’s Passenger Car Association.\nMorgan Stanley analysts saidthe Li One SUV stands out for its fuel tank that can charge the batteryand extend the driving range by 620 kilometers (385 miles) to a total of 800 kilometers.\nOne of Chinese consumers’ biggest concerns about buying an electric car is whether it will run out of battery power too quickly, with no charging station nearby or long charging times.\nJanuary’s deliveries of 5,379 Li One SUVs still marked a four-fold increase from the same period a year ago, and cumulative deliveries have surpassed 38,900 since the vehicle’s launch in December 2019, according to Li Auto.\nThat’s less than half of the over 82,800 vehicles Nio said it had cumulativelydelivered as of the end of January. Nio has three SUV models on the market, and plans to begindeliveries of a sedan next year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":13,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}