Chinese electric vehicle (EV) makers posted a slight increase in monthly deliveries in March, according to the China Passenger Car Association. Deliveries of Chinese passenger EVs rose slightly by 10% YoY and 1% MoM, however, overall sales of Chinese passenger cars declined in the same periods. While BYD and GAC’s Aion lead in deliveries, Li Auto continues to outperform EV rivals Nio and Xpeng. Other US-listed EV makers posted weaker performances. Nio reported its March deliveries fell by 15% from the previous month, while Hozon reported flat-monthly deliveries. Ouyang Minggao, a member of the Chinese Academy of Sciences, said while Chinese new energy vehicles are fast-growing, many brands are yet to achieve profitability, while gas cars are still profitable despite declining sales.

In Other News Around the World:

By James paul

James Patel is a tech journalist with a keen interest in emerging technologies and their impact on society. He is known for his insightful analysis and in-depth coverage of topics such as AI, cybersecurity, and the future of work.

Leave a Reply

Your email address will not be published. Required fields are marked *