Li Auto and XPeng Report Weaker Q1 Results; XPeng Margins Shine Amid Delivery Slump
Li Auto and XPeng missed earnings but EV growth in China is slowly improving; Tesla sales in China are still down.
Li Auto and XPeng missed earnings but EV growth in China is slowly improving; Tesla sales in China are still down.
NIO beat earnings and revenue, boosted margins, cut costs, and expects strong Q2 growth, sending shares higher on optimism.
Nio, XPeng, and Li Auto saw April sales drop from March, but new SUVs and tech could help them recover in the coming months.
NIO delivered 35,486 vehicles in March 2026 (+136% YoY) and 83,465 in Q1. Full March & Q1 2026 delivery results for NIO, Li Auto & XPENG plus upcoming model launches.
HSBC upgrades Nio to Buy from Hold, raises PT to $6.80 citing Q4 profit, stronger 2026 volume growth & margin upside.
NIO turned profitable for the first time in Q4 2025 with RMB 282.7 million net profit. Record 124,807 deliveries drove 75.9% revenue growth to RMB 34.65 billion. Strong Q1 2026 outlook issued.