ZACKS·2024-10-02 16:20Delivery Results - NIO's deliveries increased by 35.4% year over year to 21,181 vehicles in September 2024, with a total of 61,855 vehicles delivered in Q3 2024, marking an 11.6% year-over-year rise and a new quarterly record [1] - XPeng achieved a new monthly delivery record of 21,352 units in September 2024, a 39% year-over-year increase and a 50% rise from the previous month, with Q3 2024 deliveries totaling 46,533 units, up 6% year over year [2] - Li Auto delivered 53,709 vehicles in September 2024, reflecting a 48.9% year-over-year increase, with Q3 2024 deliveries reaching 152,831 units, a 45.4% rise year over year [3] Cumulative Deliveries - As of September 30, 2024, NIO's cumulative deliveries reached 598,875 units [1] - XPeng's cumulative deliveries for the first nine months of 2024 rose by 21% year over year to 98,561 units [2] - Li Auto's cumulative deliveries reached 975,176 units as of September 30, 2024 [3] Product Launches and Innovations - NIO launched its first ONVO model, the L60, a mid-size family smart electric SUV, on September 19, 2024, starting shipments in late September [1] - XPeng introduced its AI Tianji XOS 5.3 with 32 feature updates and 38 functional improvements on September 25, 2024, and expanded its model offerings to Spain and Portugal [2] Retail and Service Infrastructure - Li Auto operates 479 retail stores in 145 cities, 436 servicing centers, and has 894 supercharging stations with 4,286 charging stalls across China [3] Stock Performance - Shares of NIO, XPeng, and Li Auto have declined by 18.4%, 26.3%, and 17.4% respectively over the past year [4] Zacks Rank - NIO, XPeng, and Li Auto currently hold a Zacks Rank 3 (Hold) [5]