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Chinese electric vehicle startups Nio Inc (NYSE: NIO) and Li Auto Inc (NASDAQ: LI) soared in the US on Monday as they posted rise in car deliveries.
In July, Nio’s car deliveries rose 26.7% year-on-year as it delivered 10,052 vehicles while Li Auto delivered 10,422 of its Li ONE sports utility vehicle, up 21.3% year-over-year.
Shares of Nio and Li Auto soared 2% on Monday.
Rival of the EV startups, Xpeng reported the highest increase in deliveries as it posted 40% year-on-year surge in July. Xpeng delivered 11,524 vehicles in the month.
Picture Credits: Getty Images
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