NIO, Li, and XPeng Post Huge Deliveries Numbers. That's Good for Tesla Stock.
Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.
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Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.
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Strong sales for BYD, Li Auto and Nio, which follow a price war earlier in 2023 that failed to spark demand, have helped put the country’s electric car sector back on the fast track, and are likely to offer the slowing national economy a much-needed boost.
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The German auto maker is investing $700 million in the Chinese EV start-up. The companies will develop two electric vehicles together.