NIO stock drops as Chinese EV makers' April deliveries slip
Updated
Updated · Barron's · May 1
NIO stock drops as Chinese EV makers' April deliveries slip
12 articles · Updated · Barron's · May 1
NIO fell 2.7% in premarket trading after April deliveries dropped to 29,356 from 35,486 in March; Li Auto also declined month on month, while XPeng rose to 31,011.
Together, NIO, Li and XPeng delivered 94,452 vehicles in April, down from 103,954 in March but about 2% above a year earlier, highlighting softer momentum in China.
The report said slowing new-car sales and EV market saturation are weighing on demand in China, where battery-electric vehicles already make up about 30% of sales.
With domestic sales falling, will China's EV overcapacity trigger a global price war that reshapes the auto industry?
While new EV sales slump in the US, why is a hidden boom in the used market changing the future of electric cars?
As China's established EV giants falter, is Huawei's new auto alliance poised to conquer the world's largest market?