Record Vehicle Deliveries Drive Surge in Shares of Nio, Li Auto, and XPeng
Friday, 3 May 2024, 15:23
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Rising vehicle deliveries have investors feeling bullish
For all three companies, increasing customer demand for their EVs powered investors' favorable sentiment this week.
Nio: 15,620 vehicle deliveries in April
- Nio delivered 15,620 vehicles for April, up 134.6% year-over-year.
- Notable growth compared to the previous month's 14.3% increase.
XPeng: 9,393 EVs delivered in April
- XPeng reported a 33% year-over-year increase in deliveries.
- XPeng has seen a 23% increase in EV deliveries since the start of the year.
Li Auto: 25,787 vehicles delivered in April
- Li Auto marked a slight year-over-year increase in vehicle deliveries.
- Li Auto established the Li L7 as a preferred choice among Chinese families.
Now is the time to kick the tires before investing in these dynamic EV companies.
Should you invest $1,000 in Nio right now?
The Motley Fool Stock Advisor recommends considering other stocks for potential high returns. Nio has shown growth but profitability remains a concern. Understand the risks before investing in Chinese EVs.
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