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Chinese electric carmakers Nio, Xpeng and Li Car are experiencing various headwinds which includes bigger uncooked substance prices and a resurgence of Covid in China. However, they all posted a surge in March delivery volumes.

Qilai Shen | Bloomberg | Getty Photographs

Chinese electric powered automobile start off-ups Nio, Xpeng and Li Auto sent extra cars and trucks in March than February even as they confronted a selection of issues in the final several weeks.

Chinese electric carmakers are grappling with a increase in Covid instances in China, which threatens to disrupt manufacturing and deliveries, although raw product prices carry on to raise. That is pressured various vehicle corporations in China, from Tesla to Xpeng and Li Automobile, to hike the prices of their automobiles.

The share rates of all a few organizations, Nio, Xpeng and Li Vehicle, had been sharply greater in U.S. pre-industry trade.

Xpeng

Of the 3, Xpeng delivered the most electrical cars in March. The Guangzhou-headquartered automaker said it delivered 15,414 autos in March, up 148% from February. For the very first quarter, Xpeng shipped 34,561 vehicles, an boost of 159% yr on 12 months.

Xpeng’s P7 flagship sedan exceeded 9,000 deliveries, a monthly history.

“The organization attributes its robust Q1 shipping and delivery results to expanding brand name awareness and better desire for its Wise EV merchandise as effectively as accelerated shipping of its large buy backlog from 2021 and new orders been given in 2022 after it concluded technological know-how updates for its Zhaoqing plant in February,” an Xpeng spokesperson informed CNBC.

Zhaoqing in south China is one particular of Xpeng’s principal production amenities.

Li Auto

Nio

Nio claimed it sent 9,985 vehicles in March, up 62.8% from February. The company has delivered 25,768 vehicles in the 1st quarter of 2022, an maximize of 28.5% calendar year over 12 months. That was a quarterly shipping report for the electric auto maker.

Nio is the only firm out of the three that is nonetheless to elevate the selling prices of its vehicles.

Next month, Nio will debut its new SUV referred to as the ES7.