{
}
Xiaomi's founder has been notably quiet on social media this month, while the company reported 5,100 insurance registrations last week, a 34.62% drop from the previous week. In the broader EV market, BYD led with 45,000 registrations, despite a 25.50% decline, while Nio and its sub-brand Onvo saw significant decreases in registrations. Overall, Zeekr and Lynk & Co delivered 40,715 vehicles in March, marking a 30.18% increase from February.
In January-February 2025, CATL maintained its position as the leading global EV battery supplier with a 38.2% market share, while BYD followed with 16.9%. Together, they accounted for 55.1% of the total 129.9 GWh of EV batteries installed, reflecting a 40.3% year-on-year increase. Other notable players included LG Energy Solution, SK On, and Panasonic, with shares of 9.8%, 4.7%, and 3.9%, respectively.
Electric vehicle stocks in Hong Kong plummeted as US President Trump's new tariffs escalated the global trade war, with BYD down 11.15%, Nio 11.30%, Xpeng 11.40%, and Li Auto 10.82%. The Hang Seng Index fell 9%, reflecting broader market turmoil following China's retaliatory measures, including a 34% tariff on US imports. Analysts suggest that while new tariffs challenge China's economy, the stock market may have more favorable conditions compared to previous years.
China's passenger NEV wholesale sales reached 1.14 million units in March, marking a 37% increase from February and contributing to a total of 2.86 million units in the first quarter, up 43% year-on-year. Major manufacturers like BYD, Geely, and Tesla led the sales, with BYD alone selling 377,420 NEVs. The market rebounded post-Chinese New Year, supported by consumption-boosting policies and active auto shows.
Li Auto has achieved a significant milestone by delivering over 1 million units of its L-series SUVs within 31 months of their launch. This series, which includes the L7, L8, and L9 models, features extended-range hybrid systems aimed at premium family users, replacing the earlier Li ONE model. In March 2025, the company reported over 28,000 vehicle deliveries in China's competitive EV market.
Li Auto has set an ambitious sales target of 700,000 vehicles for 2025, as reported by Chinese media, although the company has not yet confirmed this figure. In 2024, it delivered over 500,000 vehicles, primarily extended-range electric models, and achieved profitability in 2023, becoming the first Chinese EV startup to exceed $1 billion in revenue. However, delays in the rollout of its MEGA model led to a revision of its original 2024 sales target.
Huawei will unveil its 1.5 MW supercharger on April 22, designed for heavy-duty trucks, capable of charging at 20 kWh per minute and fully charging a vehicle in 15 minutes. This announcement comes as Zeekr plans to launch its 1.2 MW supercharger, while BYD has introduced a 1,000 kW fast charger. Additionally, Huawei showcased an unmanned EV charging robotic arm that can autonomously connect to vehicles.
Mercedes-Benz is recalling 12,308 EQA and EQB electric vehicles in China due to a fire risk linked to battery management system software issues and production inconsistencies. The recall, effective from April 16, follows a defect investigation by the State Administration for Market Regulation, prompting the company to advise users to limit charging to 80% until repairs are made. This marks the second recall of the EQ series in a year, highlighting ongoing safety concerns for the brand's electric models.
Polar Capital Holdings Plc acquired a new position in XPeng valued at approximately $6.6 million, with institutional investors owning 21.09% of the stock. XPeng, a Chinese electric vehicle manufacturer, has received mixed ratings from analysts, with a current consensus of "Moderate Buy" and an average price target of $22.02. The company's recent earnings report showed a loss of $0.19 per share, surpassing expectations, while revenue for the quarter was $2.21 billion.
UBS analysts highlight that China's electric vehicle manufacturers, particularly XPeng, BYD, and Li Auto, are poised to capitalize on the burgeoning humanoid robotics market, projected to reach CNY 1 trillion by 2040. This opportunity may surpass the current size of China's EV market, with significant synergies expected in supply chains and software, especially in advanced driver assistance systems. Tesla's leadership in humanoid robotics is anticipated to further stimulate China's robotics supply chain, mirroring its impact on the domestic EV industry.
Li Auto Inc.
Companies
| Symbol | LI |
| Name | Li Auto Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Automobiles & Components |
| Industry | Automobiles |
| Market | NASDAQ Global Select |
| Country | China |
| State | |
| City | Beijing |
| Zipcode | 101399 |
| Website | http://www.lixiang.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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