Tesla misses delivery expectations, Rivian reaffirms targets, NIO and Li show growth, XPeng expands globally

From Nasdaq: 2025-04-04 09:13:00

In the first quarter of 2025, Tesla delivered 336,681 cars worldwide, missing analysts’ expectations. This was attributed to retooling factories for a new Model Y SUV. Rivian produced 14,611 vehicles, with deliveries dropping to 8,640. NIO delivered 15,039 vehicles in March and Li Auto delivered 36,674 units, both showing growth. XPeng delivered 33,205 units in March, surging 268% year over year and entering the Indonesian market to expand its global footprint.

Tesla’s energy storage business saw a 156% year-over-year increase in the first quarter of 2025. Rivian reaffirmed its 2025 delivery target of 46,000 to 51,000 vehicles and is set to launch the R2 to compete with top-selling models. NIO’s strong vehicle lineup is aiding its deliveries growth, while Li Auto is expanding its supercharging network.

XPeng is ramping up efforts to expand globally as part of its “go-global 2.0 strategy.” By the end of 2024, it was present in 30 countries and regions and aims to reach 60 by 2025. Li Auto aims to build more than 1,200 supercharging stations along highways by the end of 2025.

Zacks Investment Research provides updates on the latest news and events impacting stocks and financial markets. They highlight the delivery results of major EV companies like Tesla, Rivian Automotive, NIO Inc., Li Auto, and XPeng Inc. Stay tuned for announcements of upcoming EV models and important updates from the industry.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Tesla, Rivian Automotive, NIO, Li Auto and XPeng