Li Auto saw its vehicle deliveries soar 62.5% year-over-year in the month of September to 11,531 vehicles. More importantly, the company saw the deliveries of Li L9, its flagship six-seater smart SUV priced above RMB400,000, cross the 10,000 delivery mark.
At the end of Q3, Li delivered 26,524 vehicles, an increase of 5.6% year-over-year.
Is LI a Buy, Sell or Hold?
LI retains a Strong Buy consensus rating based on a unanimous seven Buys. LI stock has an average price target of $73.29 implying an upside potential of 218.5%.
NIO Delivery Update
NIO achieved a record of high quarterly deliveries at the end of Q3 with 31,607 vehicle deliveries, up 29.3% year-over-year.
In the month of September, the EV major delivered 10,878 vehicles. The company started the deliveries of ET5, its premium smart EV sedan in late September and delivered 221 ET5s.
XPENG Vehicle Deliveries
XPeng recorded deliveries of 8,468 smart EVs in the month of September. The company’s total deliveries at the end of Q3 rose 15% year-over-year to 29,570 vehicles.
The Chinese EV company also delivered 184 of its G9 flagship SUVs, the Company’s fourth production model launched on September 21. G9 mass deliveries will begin in late October.
As of September 30, XPEV has delivered 98,553 vehicles year-to-date indicating a 75% growth year-over-year and surpassing total deliveries in 2021.
Is XPEV a Good Stock to Buy?
XPEV stock does seem to be a good buy as Wall Street is bullish about the stock with a Strong Buy consensus rating. This rating is based on nine Buys and two Holds.
The stock has an average price target of $44.79 implying an upside potential of 274.8%.