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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood-Backed Xpeng Beats Rivals Nio, Li Auto In March Deliveries, Records 148% Sequential Surge

Li NIO Xpeng Cathie Wood Li Auto NYSE Nio Inc Li Auto Inc Nasdaq Xpeng Inc

Xpeng Inc (NYSE:XPEV) on Friday reported higher monthly delivery numbers than those of the close local rivals Nio Inc (NYSE:NIO) and Li Auto Inc (NASDAQ:LI) as production bounced back quickly after an interruption due to a key facility upgrade.

What Happened: The Guangzhou, China-based Xpeng said it delivered 15,414 electric vehicles last month, a rise of 202% year-on-year and 148% over the previous month.

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