Chinese EV brands Li Auto and Zeekr report record September deliveries

Beijing—China’s new energy vehicle brand ideal car and Zekel Both companies posted record vehicle deliveries in September, according to company data released on Tuesday.

New energy vehicles include hybrid vehicles and pure battery vehicles. The category accounted for more than half of China's new passenger car sales in July and August, industry data shows.

Li Auto delivered 53,709 vehicles in Septembersetting a record more than 5% above the previous high set in July. The company's cars are equipped with fuel tanks to extend the battery's range.

Geely’s electric vehicle company Zeekr also set a record The number of cars in September was 21,333.

Nioh, BYDAs of Tuesday afternoon, Xiaomi and Aito, jointly developed by Huawei, had not announced September shipments.

Markets in mainland China and Hong Kong were closed for holidays on Tuesday. Hong Kong's stock market will reopen on Wednesday, while mainland markets will not resume trading until October 8.

Xpeng Motors Also set a record Electric vehicle delivery volume in September was 21,352 unitsincluding the mass-market Mona brand M03 coupe launched at the end of August, with more than 10,000 units sold.

The car and other new models launched by Chinese rivals this year are priced lower than similar products Tesla Model.

The Tesla Model Y SUV retails for 249,900 yuan ($35,630), while the Model 3, the brand's most affordable car, starts at 231,900 yuan. After cutting prices earlier this year, Tesla kept prices unchanged this summer.

September's record puts Li Auto and Xpeng Motors on track to beat previously announced delivery forecasts, while Zeekr is a few thousand units short of the monthly average minimum number needed to hit its previously reported annual target.

After the news was announced, at 04:15 a.m. Eastern Time, Xpeng Motors' U.S.-listed share price rose 3.12% in after-hours trading.