
Chinese Smart electric vehicle (EV) maker XPeng Inc. (NYSE: XPEV) reported that in March 2025, monthly EV deliveries surged 268% year-over-year (YOY) to 33,205 units. This marks the fifth consecutive month of exceeding 30,000 units in EV deliveries. The 331% YOY jump in first quarter 2025 deliveries of 94,008 Smart EVs is even more impressive.
At the same time, these numbers pale in comparison to auto/tires/trucks sector leader Tesla Inc. (NASDAQ: TSLA) EV deliveries, which just reported 336,681 units in its first quarter of 2025, which were short of consensus estimates of 377,000 EVs.