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Tesla Investors, Beware: April Deliveries for NIO, Li, and XPeng Hit by Covid
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Financial Gazette- 0
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A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers.
Hector Retamal/AFP via Getty Images
Chinese electric vehicle makers NIO, XPeng and Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else to worry about.
NIO (ticker: NIO) delivered 5,074 vehicles in April, down from about 10,000 delivered in March and down from about 7,100 delivered in April of 2021.
Looking…
