Li Auto (LI) again outsold Nio (NIO) and XPeng (XPEV) in China EV sales last month. But all three Chinese EV startups on Wednesday delivered the hoped-for rebound in February after a seasonally weak January. LI stock jumped after the market open, while Nio stock fel
Recent Tesla price cuts in China have led to tit-for-tat cuts from a host of domestic players, including EV startups and, most recently, the EV giant BYD.
Li Auto EV Sales
Li sold 16,620 EVs in February, up 97.5% vs. a year ago and up 9.8% from January. The startup sold 15,141 vehicles in January, down from 21,233 in December.