INTERNEWSTIMES.COM – The Chinese electric vehicle (EV) market continues to heat up, with two of the country’s leading brands, Li Auto and Zeekr, reporting record deliveries in September. This surge in sales comes amidst a broader trend of strong EV demand in China, where the category now accounts for over half of all new passenger car sales.
Li Auto, known for its extended-range EVs that combine electric power with a gasoline engine for increased range, delivered a staggering 53,709 vehicles in September, surpassing its previous record set in July. This impressive performance puts the company on track to exceed its previously announced delivery targets.
Zeekr, a subsidiary of the Geely Group, also achieved a record delivery figure of 21,333 vehicles in September. While this number falls slightly short of the monthly average needed to reach its annual target, it still represents a significant achievement for the brand.
Adding to the positive news, Xpeng reported a record 21,352 EV deliveries in September, driven in part by the strong performance of its newly launched Mona brand’s M03 coupe. The M03, along with other new models from Chinese competitors, is priced lower than comparable Tesla models, making EVs more accessible to a wider range of consumers.
The strong performance of Li Auto, Zeekr, and Xpeng highlights the growing competitiveness of Chinese EV makers. Their success is attributed to a combination of factors, including competitive pricing, innovative features, and a focus on meeting the specific needs of the Chinese market.
While Tesla has maintained its prices this summer after price cuts earlier in the year, the aggressive pricing strategies of Chinese brands are putting pressure on the American EV giant.
The September delivery figures suggest that the Chinese EV market is poised for continued growth in the coming months. As the country’s EV infrastructure continues to develop, and consumer demand for electric vehicles remains strong, Chinese EV makers are well-positioned to capitalize on this burgeoning market. (RED)
