Li Auto’s October Sales Plunge 38% Despite Overseas Push, While Rivals Nio and XPeng Deliver Record EVs

• Li Auto delivered 31,767 vehicles in October.
• The company now plans to open two authorized retail stores in Kazakhstan in November, following the launch of its first overseas store in Uzbekistan last month.
• Li’s rivals XPeng and Nio, meanwhile, set monthly delivery records in October. 
   

Chinese EV maker Li Auto (LI) delivered 31,767 vehicles in October 2025, marking a dip of 38% year-over-year, while rivals set monthly delivery records.  

The company said that the L6, launched in April 2024, has accumulated over 70,000 orders since its launch, and it is now taking steps to facilitate deliveries.

Expansion Efforts

The company now plans to open two authorized retail stores in Kazakhstan in November, following the launch of its first overseas store in Uzbekistan last month.

The company is looking to expand in Central Asia, Middle East, Europe, and the Asia-Pacific.

Nasdaq-listed shares of the company traded 0.3% lower in the pre-market session. On Stocktwits, retail sentiment around LI stock stayed within the ‘extremely bullish’ territory over the past 24 hours, while message volume stayed at ‘extremely high’ levels.

Rivals Set Monthly Delivery Records

Li’s rivals XPeng and Nio, however, saw record deliveries in October. NYSE-listed shares of NIO and XPEV are up by about 1% in the pre-market session.

XPeng delivered 42,013 EVs in the month, up 76% year-over-year, marking the second consecutive month that the company’s deliveries exceeded 40,000 units.

Nio, meanwhile, delivered 40,397 vehicles in October, representing a 92.6% year-over-year increase. This includes 17,143 from the company’s premium NIO brand, 17,342 vehicles from its sub-brand ONVO, and 5,912 from the sub-brand FIREFLY.

LI stock is down 13% this year and approximately 15% over the past 12 months. 

Read also: Kenvue Shares Soar 20% Pre-market After Inking $48.7B Deal With Kimberly-Clark

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