Tesla's Chinese Rivals See Huge April Growth, XPeng Surges 273% In Deliveries - Li Auto (NASDAQ:LI), NIO

Chinese electric vehicle companies shared their April delivery details this week.

On Wednesday, Li Auto Inc (NASDAQ:LI) announced it had delivered 33,939 vehicles in April 2025, representing a 31.6% year-over-year increase. As of April 30, 2025, Li Auto’s cumulative deliveries reached 1,260,675.

Also Read: Tesla’s Deliveries Slide In Q1 Amid Production Setbacks, Political Backlash

Li Auto said it has remained the sales champion for SUVs priced above RMB200,000 over the past three consecutive quarters, maintaining the highest market share in both the RMB200,000-RMB300,000 and RMB300,000-RMB400,000 large SUV markets as well as the RMB400,000-RMB500,000 full-size SUV market. This achievement was driven by the sales performance of its Li L series models.

Li Auto delivered 36,674 vehicles in March 2025, marking a 26.5% growth. This brought its first-quarter deliveries to 92,864, a 15.5% increase. As of March 31, 2025, Li Auto's cumulative deliveries reached 1.226 million.

In April, XPeng Inc. (NYSE:XPEV) delivered 35,045 Smart EVs, marking a 273% year-over-year increase and surpassing 30,000 units for the sixth consecutive month, the company announced on Thursday. Cumulative deliveries of XPeng MONA M03 had surpassed 100,000 units. The XPeng P7+ achieved its 50,000th vehicle production milestone in five months since its launch. For the first four months of 2025, XPeng delivered 129,053 Smart EVs, representing a 313% increase Y/Y.

In March, XPeng delivered 33,205 Smart EVs, implying a 268% growth, topping 30,000 units for the fifth consecutive month.

For the first quarter of 2025, XPeng delivered 94,008 Smart EVs, a 331% increase over last year.

Nio Inc (NYSE:NIO) delivered 23,900 vehicles in April 2025, representing an increase of 53.0% Y/Y, the company announced on Thursday. The deliveries consisted of 19,269 vehicles from the company’s premium smart electric vehicle brand Nio, 4,400 vehicles from the company’s family-oriented smart electric vehicle brand ONVO, and initial deliveries of the company’s small smart high-end electric car brand FIREFLY, which started in late April 2025. Cumulative deliveries reached 737,558 as of April 30, 2025.

Nio delivered 15,039 vehicles in March 2025, representing a growth of 26.7%. The deliveries comprised 10,219 vehicles from its premium smart electric vehicle brand Nio and 4,820 from the company's family-oriented smart electric vehicle brand ONVO. The company delivered 42,094 vehicles in the first quarter of 2025, marking a growth of 40.1%. Cumulative deliveries reached 713,658 as of March 31, 2025.

XPeng stock surged over 129% in the last 12 months. In April, XPeng unveiled its latest initiatives, including the global debut of its 2025 XPeng X9 model and a roadmap that connects smart EVs, flying cars and humanoid robots under its AI Tech Tree platform. XPeng's homegrown Turing AI chip underpins multiple products, including autonomous vehicles and robotic platforms is scheduled for mass production in mainland China by mid-2025. The AEROHT Land Aircraft Carrier, a modular flying vehicle, is scheduled to enter production in 2026, with more than 4,000 pre-orders already secured.

The company also unveiled “IRON,” a humanoid robot.

XPeng debuted the X9 model, which includes nearly 500 upgrades, such as ultra-fast 800V charging, zero-gravity seating, and an AI-tuned adaptive suspension system. XPeng is preparing its Kunpeng Super Electric System for mass rollout by late 2025.

Nio stock is down over 23% as it grappled with challenges in achieving full-year profitability, primarily due to high research and development expenses and significant operational costs.

Price Actions: XPEV stock is up 2.26% at $19.02 premarket at the last check Thursday. NIO is up 2.47% and LI is up 1.27%.

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