Li Auto and Xpeng Set New Sales Records as Demand for EVs Soars in China

Despite stiff competition, the two companies continue to dominate the Chinese EV market with Li Auto breaking its monthly sales record for the eighth consecutive month.

• Li Auto and Xpeng, two leading electric vehicle (EV) manufacturers in China, have set new sales records in November, with Li Auto delivering 41,030 units and Xpeng delivering 20,041 vehicles.
• Li Auto has now broken its monthly sales record for eight consecutive months and has achieved its full-year delivery target ahead of schedule.
• The popularity of these companies' new car models has amplified the demand for battery-powered vehicles in China, the world's largest EV market.
• Despite a slip in November deliveries, Nio, another top Chinese EV manufacturer, continues to compete, delivering 15,959 units.
• The Chinese EV industry is expected to achieve a 50% year-on-year sales growth in 2023, delivering a total of 8.5 million units to mainland Chinese customers.

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