Investing.com– Hong Kong shares of major Chinese electric vehicle makers rose sharply on Thursday after clocking strong delivery figures for April, with Nio Inc (NYSE:) leading gains as deliveries more than doubled from last year.
Nio Inc’s Hong Kong shares (HK:) were the best performers among their peers, up nearly 23% at HK$43.80.
The EV maker said it delivered 15,620 EVs in April- up nearly 135% from April 2023 and up over 30% from the 11,866 EVs in March 2024.
After Nio, Xpeng Inc (NYSE:) was the best performer among Chinese EV stocks for the day. Hong Kong shares of Xpeng (HK:) rose 8.7% to HK$34.25, after it delivered 9,393 EVs during April, a 33% jump from the prior year.
Other local EV makers also clocked strong deliveries in April, as a price war instigated by Tesla Inc (NASDAQ:) heated up.
BYD (SZ:)’s Hong Kong shares (HK:) rose 4.5% after it said it sold 313,245…
