Chinese smart electric vehicle (EV) maker XPeng (XPEV) recorded a 273% year-over-year increase in auto deliveries for April, marking yet another milestone. The broader Chinese EV market showed strong delivery output in April 2025, backed by government subsidies aimed at boosting domestic consumption. Importantly, American EV maker Tesla (TSLA) does not publish its monthly auto deliveries for China. Also, China’s most favored EV brand, BYD (BYDDF), has yet to release its monthly sales figures, which could post another record of its own.
Analysts had expected solid performance in April, following the seasonal slump during the Lunar New Year. Additionally, automakers have recently rolled out new models and upgrades at the Shanghai Auto Show, which began in late April. XPEV stock is trending higher in pre-market trading, up 2.8% as of the last check.
XPeng Races Ahead of Rivals Yet Again
Notably, XPeng’s deliveries outpaced those of rivals Li Auto (LI) and Nio’s (NIO). In April, XPeng sold 35,045 autos, exceeding the 30,000 auto deliveries mark for the sixth consecutive month. In the first four months of 2025, XPEV has delivered a total of 129,053 smart EVs, showing a robust 313% increase compared to the same period last year.
Meanwhile, hybrid automaker Li Auto’s deliveries jumped 31.6% year-over-year to 33,939 vehicles in April. So far this year, Li Auto has delivered 126,803 cars, up 19.4% compared to the same period last year.
Furthermore, rival Nio reported a 53% year-over-year rise in April deliveries, reaching 23,900 vehicles. As of April 30, Nio has delivered a total of 65,994 autos, up 44.5% compared to the prior year period.
On the other hand, Zeekr Group (ZK) reported total auto deliveries of 41,316 units last month, including 27,589 units from recently merged Lynk&Co. In the January to April period, Zeekr Group delivered 155,327 autos, up 20.5% compared to the prior year period.
Who Is China’s Biggest EV Producer?
We used TipRanks’ Stock Comparison Tool to understand which Chinese EV maker is most favored by analysts. Investors can choose to invest in any of the stocks after thorough research.
Currently, only BYDDF stock scores Wall Street’s “Strong Buy” consensus rating and offers 35.1% upside potential from current levels.
