News Snapshot:
XPeng, one of China’s largest electric vehicle makers, said on Sunday it delivered fewer cars in April than in March and warned that the Covid pandemic is affecting the industry’s supply chain. XPeng, based in the southern Chinese city of Guangzhou, delivered 9,002 cars in April, up 75 percent from last year, amid the continued popularity of electric cars in the world’s largest automotive market. However, deliveries last month fell 41% from the 15,414 figure announced for March. XPeng “has been and continues to actively navigate the Covid situation, which in turn is affecting the global supply chain, production and...
