Impressive Sales Performance of Li Auto, Xpeng, and Nio Driven by Discounts

Monday, 1 July 2024, 13:00
China's top electric vehicle manufacturers, including Li Auto, Nio, BYD, and Zeekr, witnessed exceptional sales growth in June. However, concerns arise over the impact of heavy reliance on discounts on future profitability.
South China Morning Post
Impressive Sales Performance of Li Auto, Xpeng, and Nio Driven by Discounts

Impressive Sales Performance

China's leading premium EV makers – Li Auto, Xpeng, and Nio, along with others, experienced remarkable sales growth in June.

Profitability Concerns

The record sales reported by Nio, BYD, and Zeekr are overshadowed by worries regarding the implications of offering discounts on profitability forecasts.

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