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Charts: NIO, Xpeng, and Li Auto report first quarter 2025 earnings
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TechNode
Chinese electric vehicle trio NIO, Xpeng Motors, and Li Auto recently reported their first-quarter earnings between May 21 and June 3, as they become increasingly divided on their paths toward maturity and deep market penetration after a decade of operation.
Xpeng saw another record-high quarterly deliveries and significantly narrowed its losses, enjoying its highest growth rate In over a decade.
Li Auto remains the most profitable Chinese EV maker, although it faces a slowdown in revenue growth driven by increasing competition from the likes of Huawei and Hong Kong-listed Leapmotor.
Li Auto did not give an outlook or guidance for deliveries for the year, although it reportedly cut its annual sales goal to 640,000 units this year.
READ MORE: Nio, Xpeng, Li Auto: your cheat sheet to China’s listed Tesla rivals
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