Electric Car Startups from China Xpeng and Nio Continue to Surprise Consumers

As per the latest reports, two electric car startup companies have shared some very promising states in regards to quarterly deliveries. According to reports, both electric car startup companies are listed in the United States stocks exchange.

The companies seem to have broken all the records and have also managed to exceed the delivery expectations for the month of March.

The first company on the list is Chinese electric car startup Xpeng. The company has stared its stats of car deliveries on Thursday, April 1, 2021. Xpeng has confirmed that for the month of March, it has managed to deliver 5,102 vehicles. This figure is even higher than what the company had predicted for the particular month, which was 4,262.

On a quarterly basis, the company has delivered a total of 13,340 vehicles for the first quarter of the year 2021. While for the period January to March, Xpeng had predicted that it would be able to hit the 12,500 vehicles target.

Then there is Nio, which also shared similar kinds of increases in the sales for the vehicles. The company has announced that for the month of March, it has managed to deliver 7,257 vehicles. The company has revealed that for the first quarter of the year, it has managed to sell 20,060 electric vehicles.

The company has revealed that the sales it has achieved for the first quarter of 2021 are the all-time high it has achieved since the launch.

Nio has confirmed that the deliveries it has achieved for the first quarter of 2021 fall within the range that the company had originally predicted. The company had predicted that it was going to achieve between 20,000 and 20,500 electric vehicles for the first quarter of 2021.

The company revealed that it had lowered the delivery target down to 19,500 for the same quarter at the beginning of last week. The company had announced that it was going to shut down its production for the last 5 days of the week due to the shortage of semiconductors.

According to the stock exchange figures from the United States, the share prices of both companies have surged by 1% since Thursday, April 1, 2021. Both companies reportedly have their shares listed on the New York Stock Exchange (NYSE).

Nio has confirmed that the majority of the deliveries the company has managed to achieve come from the deliveries of the three most demanded electric SUVs. Nio has confirmed that for the month of March, its vehicle ES6 managed to achieve more than 3,000 deliveries.

On the other hand, Xpeng has revealed that the majority of its deliveries were split between its G3 SUV and P7 Sedan.

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