Record Vehicle Deliveries Drive Surge in Shares of Nio, Li Auto, and XPeng
Friday, 3 May 2024, 15:23
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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.