Guidance

Li Auto guides for second-quarter vehicle deliveries to be in the range of 105,000 to 110,000, meaning it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.

Xpeng delivered 21,821 vehicles in the first quarter, slightly above the lower end of the guidance range of 21,000 - 22,500 vehicles.

Li Auto lowered its guidance for first-quarter deliveries last week, and Tesla has reportedly reduced EV production at its China factory.

The updated delivery guidance means that Li Auto now expects it to deliver between 24,584 and 26,584 vehicles in March.

Xpeng aims to see sales of 1.2 million by 2027 and reach about 30 percent share of the fully autonomous vehicle market.

The Li L9 and Li L8 were fast-tracking their capacity climb, and Li Auto is on track to exceed 20,000 deliveries in December, an executive said.

Nio now expects to deliver 38,500 to 39,500 vehicles in the fourth quarter, down 4,500-8,500 units from its previously issued guidance of 43,000-48,000 vehicles.

Lexus' annual sales of internal combustion engine vehicles in China are in the range of 200,000 units.

Delivery of Nio's 300,000th vehicle is expected to be around January 1, Qin said.

Li Auto's fourth-quarter delivery guidance of 45,000 to 48,000 vehicles means it expects to deliver 19,914 to 22,914 vehicles in December.