Chinese EV Manufacturers Boom – XPeng (XPEV (i)) Leaves Everyone Behind!
While XPeng is experiencing a real sales boom with its Mona M03 and has quadrupled its deliveries, Tesla is increasingly under pressure in China!
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I am closely watching the impressive development of Chinese electric vehicle manufacturers, driven in March by government subsidies and strong demand. I was particularly surprised by the performance of XPeng – the almost fourfold increase in deliveries from 9,026 in March 2024 to 33,205 vehicles exceeds all expectations! The success of the Mona M03 seems to be the decisive game changer here. Meanwhile, BYD maintains its position as the clear market leader with over 377,420 vehicles sold, representing a growth of 25%. Li Auto and NIO also...
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