Chinese electric vehicle startups and Tesla Inc. TSLA competitors Li Auto Inc LI, XPeng Inc XPEV and Nio Inc NIO reported its delivery numbers for the month of April on Monday.
What Happened: Li Auto topped among the three EV makers with a whopping 516.3% year-over-year jump in deliveries to 25,681 units in April. The numbers surpass Li's March delivery record of 20,823 units to set a new monthly record. This is the second time Li Auto delivery numbers have surpassed the 20,000 mark.
See Also: Best Electric Vehicle Stocks
Guangzhou, China-based XPeng delivered 7,079 EVs in April, up marginally from the 7,002 delivered in March. However, the fresh delivery numbers are a major slump of about 21.4% from April last year when the company delivered 9,002 vehicles.
Nio recorded a 31.2% annual jump to 6,658 vehicles in April. However, the April numbers are a shocking 35.8% drop from March deliveries, when the company delivered 10,378 units.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Read More: Tesla China Rival Charges Ahead As April Sales Surge Six-Fold To Over 25K EVs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
