Visitors view cars from Xpeng Motors at the Chengdu Motor Show on August 26, 2022. More than 100 brands showcased some 1,600 cars at the show. Photo: Xinhua
Visitors view cars from Xpeng Motors at the Chengdu Motor Show on August 26, 2022. More than 100 brands showcased some 1,600 cars at the show. Photo: Xinhua

Xpeng, Li Auto and Nio report woeful August sales as Chinese EV makers face weakening demand for big-ticket items

  • Xpeng and Li Auto reported fewer deliveries month on month in August, while Nio reported a 6 per cent increase in sales
  • Buyers are having second thoughts about making big purchases amid an uncertain economy, says market observer

Visitors view cars from Xpeng Motors at the Chengdu Motor Show on August 26, 2022. More than 100 brands showcased some 1,600 cars at the show. Photo: Xinhua
Visitors view cars from Xpeng Motors at the Chengdu Motor Show on August 26, 2022. More than 100 brands showcased some 1,600 cars at the show. Photo: Xinhua
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