News Snapshot:
China’s three biggest smart-electric carmakers reported bumper deliveries in March after stuttering a month earlier, shrugging off the impact of Covid-19 lockdowns on sales and production, but market observers warned of a bumpy road ahead. Guangzhou-based Xpeng Motors topped its peers, delivering 15,414 cars last month, a 148 per cent increase month on month. Shanghai-headquartered NIO saw sales rise 63 per cent to 9,985 vehicles, while Beijing-based Li Auto delivered 11,034 vehicles, up 31 per cent month on month. “Our overall production has been affected by the shortage of certain auto parts resulting from the resurging Covid-19 cases recently in...
