NIO, XPENG, and Li Auto saw growth in May deliveries, while Tesla issued a recall.

From Nasdaq: 2024-06-03 11:30:00

China-based electric vehicle (EV) players NIO, XPENG, and Li Auto saw growth in May 2024 deliveries, with NIO leading with triple-digit percentage gains. Tesla also made headlines with a recall of 125K vehicles. LI holds a Zacks Rank #5, while NIO and TSLA are #3 Ranked and XPEV is a Zacks Rank #2. Last week, Li Auto reported 35,020 vehicle deliveries, NIO delivered 20,544 vehicles, and XPeng delivered 10,146 EVs. Tesla issued a recall for over 125,000 vehicles due to a seat belt warning system malfunction. Check out the price performance table for major EV players. Stay updated on upcoming EV models and industry updates. For more stock insights, visit Zacks Investment Research.



Read more at Nasdaq: EV Roundup: NIO’s Deliveries Surge 234% in May, TSLA Issues Recall & More