Li Auto June Deliveries Soared. Why the Stock Is Dropping. – Barrons


Text size

Li Auto joined its Chinese EV peers in posting record deliveries for June.

Courtesy Li Auto

Chinese EV maker

Li Auto

reported blockbuster June deliveries Thursday night, after peers




had reported record numbers for the month. The third EV maker might have saved the best for last.

Li Auto (ticker: LI) delivered 7,713 vehicles in June, a monthly record for the company. That’s more than XPeng’s (XPEV) 6,565 figure. NIO (NIO) might have delivered more, topping 8,000 units in a month for the first time, but growth from May going into June amounted to 20%. Li’s sequential growth, meanwhile, topped 78%.

In addition, Li delivered 17,575 vehicles in the second quarter, up almost 40% compared with the first quarter of 2021. That’s the fastest quarterly growth of the three Chinese EV peers. Still, record deliveries for all three makes June a very good month.

On Thursday, both NIO and XPeng stocks opened higher on strong delivery numbers, but close the day down. Li stock has dropped 5.8% in Friday early trading. The

S&P 500


Dow Jones Industrial Average

were up 0.3% and 0.1%, respectively.

Shares of the U.S.-listed Chinese EV makers aren’t jumping in response to deliveries because stocks have already climbed significantly lately, partly because Chinese EV sales remain strong. NIO stock has gained 24% over the past month, XPeng share are up 25%, and Li stock has surged almost 43%.

Strong Chinese demand is, of course, good for all three, as well as EV pioneer


(TSLA). China is the world’s largest market for new cars and for electric vehicles.

Write to Al Root at

Like it? Share with your friends!



Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format