Chinese EV Makers Report Record Deliveries, Intensifying Pressure on Tesla

Li Auto, Xpeng, and Zeekr achieved record sales in September, challenging Tesla's market dominance in China.

Li Auto delivered 53,709 vehicles in September, marking a 48.9% year-over-year increase.
Xpeng reported 21,352 deliveries, with its Mona M03 model achieving over 10,000 units sold.
Zeekr's sales reached 21,333 vehicles, a 77% rise from the previous year.
Tesla is expected to announce strong delivery numbers on Wednesday, amid fierce competition from Chinese rivals.
Chinese EV brands are undercutting Tesla with lower-priced models, while Tesla continues to offer incentives and financing options to attract buyers.