Li Auto Tag

10 Apr China’s Xpeng edges closer to selling right-hand drive EVs in Hong Kong, appointing Malaysian firm as local distributor

Posted at 02:00h in Asia

Chinese electric vehicle (EV) maker Xpeng has taken a significant step towards tapping the right-hand drive market after forming a partnership with Sime Darby group of Malaysia to distribute its cars in Hong Kong.It is poised to become the first major Chinese electric car assembler...

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08 Apr China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Posted at 22:00h in Asia

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market.The mid-sized, five-seater Li L6 sport-utility vehicle (SUV) will be priced below 300,000 yuan (US$41,470), the...

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01 Apr Chinese carmakers Li Auto, Nio, Xpeng and BYD report March sales rebound, but ‘difficulties are looming’ as competition intensifies in world’s largest EV market

Posted at 12:30h in Asia

Li Auto, Nio and Xpeng, China’s top three premium electric-vehicle (EV) manufacturers, have reported a strong rebound in deliveries in March, after their promotional activities attracted thousands of buyers. BYD, the world’s largest EV maker, said the sales of its pure electric and plug-in hybrids...

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01 Apr Hong Kong stocks: lack of earnings momentum risks derailing sentiment-driven rebound, analysts say

Posted at 06:03h in Asia

Hong Kong stocks are priced for perfection and vulnerable to shocks, according to analysts. A stream of unimpressive earnings announcements could end the two-month rebound in Asia’s third-largest stock market as investors struggle to find fresh catalysts.The uptick in the Hang Seng Index is at...

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11 Mar Electric cars: Xpeng aims to launch its first right-hand drive model in Hong Kong, Southeast Asia this year amid global push

Posted at 13:00h in Asia

Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.He Xiaopeng, co-founder and CEO of the Guangzhou-based...

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05 Mar Nio reports wider loss, forecasts sharp fall in deliveries as price war in China’s EV sector escalates

Posted at 13:00h in Asia

The Shanghai-based carmaker expects to hand over 31,000 to 33,000 EVs to mainland Chinese customers between January and March, down 34.1 to 38.1 per cent from the fourth quarter of 2023.Nio published its delivery guidance on Tuesday after it reported a net loss of 5.37...

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03 Mar Stellantis-backed Leapmotor cuts C10 SUV price by nearly a fifth as China’s EV war rolls on

Posted at 07:19h in Asia

The pure electric version of the C10 starts at 128,800 yuan (US$17,897), 17.3 per cent lower than the presale price of 155,800 yuan in January. It has a driving range of 410 kilometres.Robotic arms assemble cars at Leapmotor’s factory in Jinhua, Zhejiang province. Photo: China...

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01 Mar Chinese EV makers Li Auto, Xpeng and Nio post sales declines for second straight month, fuelling price-war worries

Posted at 13:00h in Asia

Deliveries by major Chinese electric vehicle (EV) makers dropped for the second consecutive month in February, raising worries that a bruising price war may be imminent even though the month included an eight-day break in sales over the Lunar New Year holiday.Beijing-based Li Auto, mainland...

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01 Mar China’s Li Auto delivers electric minivan with fridge and sofa to lure wealthy families from General Motors’ petrol MPV

Posted at 11:51h in Asia

Li Auto has priced its multipurpose vehicle (MPV) at 559,800 yuan (US$77,764), nearly double the price of market leader General Motors’ petrol-powered competitor, the GL8, as the nearest rival to Tesla in mainland China vies for a bigger share of the country’s premium electric vehicle...

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27 Feb Hong Kong stocks slide for third day as rebound spurred by government intervention fades; Li Auto jumps as profit hits record

Posted at 02:57h in Asia

Hong Kong stocks dropped for a third day as a rebound spurred by state intervention continued to lose momentum. Investors were cautious ahead of the city’s budget address on Wednesday.The Hang Seng Index fell 0.3 per cent to 16,580.04 as of 9.57am local time, extending...

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