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Nio Vs Xpeng Vs Li Auto: How April Deliveries Stack Up For Tesla Rivals In China

Published 01/05/2023, 11:06
Updated 01/05/2023, 12:10
© Reuters.  Nio Vs Xpeng Vs Li Auto: How April Deliveries Stack Up For Tesla Rivals In China

Benzinga - Chinese electric vehicle startups and Tesla Inc. (NASDAQ:TSLA) competitors Li Auto Inc (NASDAQ:LI), XPeng Inc (NYSE:XPEV) and Nio Inc (NYSE: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.

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

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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