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Investing.com -- The latest monthly sales data from Chinese automakers indicate a continued strong demand for electric vehicles in the world’s second-largest economy.
Tesla (NASDAQ:TSLA)’s competitors, including XPeng (NYSE:XPEV), reported strong sales figures for April, despite a 0.37% decrease in XPeng’s share value.
On Thursday, XPeng reported that its vehicle deliveries nearly tripled compared to the same period last year. The automaker delivered 35,045 units in April, marking the sixth consecutive month where deliveries exceeded 30,000 units.
Li Auto (NASDAQ:LI), a specialist in hybrid vehicles, also reported positive results on Thursday. Sales for the company rose 32% to 33,939 vehicles in April. The company has maintained its position as the leading seller of SUVs priced above CNY200,000 for the past three consecutive quarters.
Zeekr Group, a new brand formed after the merger of Zeekr and Lynk&Co, reported total deliveries of 41,316 vehicles in April. This figure includes 13,727 units under the Zeekr brand and 27,589 units under Lynk&Co.
Xiaomi (OTC:XIACF), a new entrant in the market, announced via its Weibo (NASDAQ:WB) account that it delivered more than 28,000 units in April. The strong performance of these companies underscores the robust demand for electric vehicles in China.
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