EV makers Nio and Li Auto see first-quarter deliveries rise

Chinese electric-vehicle company Nio Inc. delivered 31,041 vehicles in the first quarter, with 10,378 of those deliveries in March, it announced over the weekend.

Nio’s U.S.-listed shares NIO were off 0.2% shortly... Chinese electric-vehicle company Nio Inc. delivered 31,041 vehicles in the first quarter, with 10,378 of those deliveries in March, it announced over the weekend. “We have commenced deliveries of Li L7, our five-seat flagship family SUV, and are pleased to hear from its first users that their satisfaction with the vehicle has exceeded their expectation,” Li Auto Chief Executive Xiang Li said in a release.XPeng Inc. XPEV also had an update, announcing that it had delivered 18,230 units in the March quarter. That’s down from 34,561 deliveries in the first quarter of 2022 and from 22,204 in the December quarter.U.S.

That's great news! Congrats to both Nio and Li Auto!

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