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Investing.com-- Shares of Hong Kong-listed Chinese electric vehicle makers rose sharply on Thursday, lifted by a wave of strong April delivery numbers, with Xpeng (NYSE:XPEV) (HK:9868) leading the rally.
Xpeng shares jumped more than 7% on Friday after the company said it delivered 35,045 smart EVs in April, up 273% from a year earlier, as it continued to ramp up production and expand its product lineup.
The upbeat sentiment extended across the sector.
BYD Co (HK:1211), China’s largest EV maker, added 2.2% following a 21.3% rise in monthly sales.
Li Auto (NASDAQ:LI) (HK:2015) gained 4.3% after its deliveries rose 32% year-on-year to 33,939.
HK-listed NIO Inc (HK:9866) shares climbed 1.4% on a 53% increase in deliveries, while Geely Automobile (HK:0175) rose 1.9% after reporting a similar 53% surge in sales.
China’s EV makers are showing resilience and growth momentum, even as U.S. rival Tesla Inc (NASDAQ:TSLA) posted a decline in first-quarter global deliveries last month amid intensifying competition and softer demand.