CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Chinese EV Stocks Climb on Strong Q1 Delivery Results” 🚨

Shares of China’s leading EV startups moved higher Wednesday after fresh delivery data showed stronger-than-expected performance to start the year.

NIO reported delivering 83,465 vehicles in Q1, marking a massive 99% increase year-over-year and slightly beating the top end of its internal guidance. Meanwhile, Li Auto posted 95,142 deliveries, up 2.5% annually and also ahead of expectations, with March deliveries rising 12%.

XPeng had a more mixed quarter, with total Q1 deliveries falling 33% year-over-year to 62,682 vehicles — its first quarterly decline since 2023. However, strong momentum in March, where deliveries jumped 80% from February, helped lift investor sentiment and push shares higher.

Not all EV players shared in the gains. BYD saw its stock drop after reporting a seventh straight month of declining sales. The company’s Q1 sales fell 30% compared to the same period last year, signaling continued pressure despite its dominant position in the EV market.

Overall, the mixed results highlight a competitive and rapidly evolving EV landscape in China, where strong monthly momentum can still outweigh broader quarterly slowdowns in the eyes of investors.