
Chinese electric vehicle (EV) makers XPeng (NYSE:XPEV), ZEEKR Intelligent Technology (NYSE:ZK), Li Auto (NASDAQ:LI), and NIO (NYSE:NIO) stocks dropped on Friday despite individual triumphs like XPeng’s record July deliveries and ZEEKR’s significant year-over-year growth.
ZEEKR, a subsidiary of Geely, announced on Friday that its combined Zeekr and Lynk & Co brands delivered 44,193 vehicles in July 2025, marking a 19.7% increase from the prior year. Specifically, the Zeekr brand contributed 16,977 deliveries, while Lynk & Co accounted for 27,216 units.