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Chinese electric carmakers Nio, Xpeng and Li Auto are facing several headwinds including higher raw material costs and a resurgence of Covid in China. However, they all posted a surge in March delivery volumes.
Qilai Shen | Bloomberg | Getty Images
Chinese electric vehicle start-ups Nio, Xpeng and Li Auto delivered more cars in March than February even as they faced a number of challenges in the last few weeks.
Chinese electric carmakers are grappling with a rise in Covid cases in China, which threatens to disrupt production and deliveries, while raw material costs continue to increase. That’s forced several auto companies in China, from Tesla to Xpeng and Li Auto, to hike the prices of…
Source cnbc.com
