From Benzinga: 2024-04-02 09:18:36

Chinese electric vehicle manufacturers XPeng Inc. and NIO Inc. are facing lower premarket trading, with XPeng reporting a 99% increase in Smart EV deliveries in March and NIO delivering 11,866 vehicles that month. XPeng delivered 21,821 Smart EVs in Q1 2024, a 20% increase from last year, while NIO’s deliveries climbed 14.3% year-over-year with a cumulative total of 479,647 vehicles. XPeng’s stock has fallen over 29% in the past year, while NIO saw a decline of over 52%. XPeng shares dropped 3.74% to $7.47 premarket, and NIO shares fell 3.45% to $4.47. Investors can access NIO stock through ETFs like KraneShares MSCI China Clean Technology Index ETF and Invesco Golden Dragon China ETF.



Read more at Benzinga: What’s Going On With Chinese EV Stocks XPeng & NIO on Tuesday? – XPeng (NYSE:XPEV), NIO (NYSE:NIO)