Charts of the Day: Li Auto Retakes EV Sales Top Spot From Huawei

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Li Auto Inc. topped electric vehicle (EV) deliveries among China’s emerging EV-makers for the third consecutive month, pulling back ahead of rival Huawei Technologies Co. Ltd. — at least for the time being.

After falling behind the Chinese telecommunications-equipment maker in the first four months of this year, Li Auto delivered 47,774 in June and 51,000 EVs in July, according to company data. The July figure, which is a 49.4% year-on-year increase, marked a new monthly delivery record, Li Auto said Thursday.

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Li Auto Inc. topped EV deliveries among emerging Chinese EV-makers in June and July, with 47,774 and 51,000 units respectively.
Huawei's EV brands, Aito and Luxeed, had combined deliveries of 46,141 in June and 44,090 in July.
Li Auto's setbacks included a viral image of its Mega EV and increased competition from Huawei, prompting various corrective measures including price cuts and redesigns.

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Who’s Who

Li Auto Inc.: Li Auto Inc., founded in 2015, topped electric vehicle deliveries among China's emerging EV-makers for the third consecutive month. In July, they delivered 51,000 EVs, marking a 49.4% year-on-year increase. Despite facing setbacks such as design controversies and increased competition from Huawei, Li Auto has taken corrective measures, including scaling back investments, lowering prices, and redesigning models. They also underwent staffing cuts and postponed the launch of pure EVs while lowering their annual sales target.

Huawei Technologies Co. Ltd.: Huawei Technologies Co. Ltd. entered China's auto industry with the launch of the Aito EV brand in late 2021. Its Aito M7 model, a range-extended plug-in hybrid SUV, launched in July 2022 and quickly amassed over 60,000 orders. Huawei is expanding its auto ambitions through its Harmony Intelligent Mobility Alliance and its new smart car unit, Yinwang Intelligent Technology Co. Ltd., which develops intelligent driving solutions and auto components, attracting investments from automakers like Chongqing Changan Automobile Co. Ltd. and Seres.

Nio Inc.: Nio Inc. sold 20,498 electric vehicles in July, maintaining consistent sales compared to the same period last year. It ranked higher in sales than XPeng Inc. but fell short compared to Li Auto and Huawei-affiliated brands.

XPeng Inc.: XPeng Inc.'s sales rose 1% year-on-year to 11,145 EVs in July, which was the least among the four leading Chinese EV makers in the reported period.

Seres Group Co. Ltd.: Seres Group Co. Ltd. is a partner of Huawei Technologies Co. Ltd. in the development of the Aito EV brand. They reported combined EV deliveries with Chery Automobile Co. Ltd. of 46,141 in June and 44,090 in July. Seres has announced investments in Huawei's Yinwang Intelligent Technology Co. Ltd., a company focused on intelligent driving solutions, intelligent cockpits, cloud and vehicle controls, and auto components.

Chery Automobile Co. Ltd.: Chery Automobile Co. Ltd. is a Chinese automaker collaborating with Huawei Technologies Co. Ltd. to develop the Luxeed EV brand. Luxeed, along with Huawei's other EV brand, Aito, reported combined deliveries of 46,141 in June and 44,090 in July.

Yinwang Intelligent Technology Co. Ltd.: Yinwang Intelligent Technology Co. Ltd., officially established in January, focuses on developing intelligent driving solutions, intelligent cockpits, cloud and vehicle controls, and auto components. The company has attracted investments from Chongqing Changan Automobile Co. Ltd. and Seres.

Chongqing Changan Automobile Co. Ltd.: Chongqing Changan Automobile Co. Ltd. (000625.SZ) is mentioned in the article as an investor in Huawei's new smart car unit, Yinwang Intelligent Technology Co. Ltd. This company focuses on developing intelligent driving solutions, intelligent cockpits, cloud and vehicle controls, and auto components.

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