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Benzinga
Benzinga
Business
Rachit Vats

Tesla Rival Xpeng's January Deliveries Outshine Those Of Rivals Nio, Li Auto: What You Need To Know

Xpeng NIO Li Auto NYSE Nio Inc Li Auto Inc Xpeng Inc

Xpeng Inc (NYSE:XPEV) on Tuesday outshone delivery numbers of close local rivals Nio Inc (NYSE:NIO) and Li Auto Inc (NASDAQ:LI) in January — but all the three U.S. listed Chinese electric vehicle makers reported a sequential volume decline ahead of the slow-sales season before the Lunar New Year.

What Happened: The Guangzhou, China-based Xpeng said it delivered 12,922 electric vehicles in January, a fall of 19% over December and a jump of 114% over January 2021.

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