Nio, Li Auto and Xpeng deliveries rebound in May as Chinese smart EV makers recover from Covid lockdown setback


Source: scmp.com scmp.com

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Deliveries of smart electric cars (EVs) among China’s Tesla challengers – Nio, Li auto and Xpeng – rebounded in May, as their production recovered from the Covid-related supply chain disruption. The recovery came even as deliveries to customers were somewhat constrained by the preventive measures imposed by the authorities to stem the spread of the highly-infectious Omicron strain of Covid-19. Shanghai only lifted its lockdown on Wednesday after two months, with the city reopening for business and residents going about their normal activity. “While the two-month lockdown in Shanghai affected every carmaker in China, smart EV start-ups seemed to have...