China EV makers BYD, Li Auto, Nio and XPeng on Friday reported that EV deliveries fell sharply in February for a second straight month. Most Chinese EV stocks rose. Li Auto stock returned to the buy zone.
Chinese electric-vehicle makers XPeng, Li Auto, and NIO deliver a combined 32,928 vehicles in February, down about 5% from a year earlier.
Deliveries by major Chinese electric vehicle (EV) makers dropped for the second consecutive month in February, raising worries that a bruising price war may be imminent even though the month included an eight-day break in sales over the Lunar New Year holiday. Beijing-based Li Auto, mainland China's nearest rival to Tesla, delivered 20,251 vehicles in February, down 35 per cent from January, following a decline of 38.1 per cent in the previous month. Nio, based in Shanghai, reported 8,132 delive