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Benzinga
Benzinga
World
Michael Peres

Xpeng, Among Other Chinese Auto Startups, See A Delivery Spike In Q1 Despite Headwinds

Li Xpeng Li Auto NIO

Amid a grapple with different headwinds such as a spike in the cost of raw materials and Covid-19 reinvigoration, Chinese auto startup makers Xpeng, Li Auto and Nio are seeing a spike in car deliveries. In Q1 2022, the companies registered higher year-over-year deliveries.

The challenges faced by these automakers have sparked a corresponding increase in the prices of their car models. Notably, EV giant Tesla (NASDAQ:TSLA) is among the companies hit by these obstacles resulting in hiked car prices. 

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