Chinese EV makers report mixed delivery results for August, with Li Auto lagging behind.

From Investor’s Business Daily: 2024-08-31 22:44:27

China’s EV makers Li Auto, Nio, XPeng, and Zeekr are set to release monthly deliveries. BYD also will report sales soon after breaking out of a base. Government subsidies have boosted EV sales this summer. Li Auto reported lower August deliveries, Nio and XPeng are expected to be flat vs. July, and Zeekr should see a rebound. BYD may hit 400,000 in sales. Li Auto’s Q2 earnings fell, while BYD reported growth. Nio, XPeng, and Zeekr are awaiting Q2 results. BYD launched new models, while Tesla stock experiences fluctuations amid potential challenges from competitors like Nio and XPeng.



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