Mona M03 Sedan
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2 Chinese EV Stocks in Focus After Delivery Numbers
Schaeffers Investment Researchยท 2025-03-03 15:42
Company Performance - Nio Inc reported strong delivery numbers, with 13,192 vehicles delivered in February, representing a 62.2% year-over-year increase, bringing total deliveries for 2025 to 27,055 [1] - Xpeng Inc delivered 30,453 units in February, achieving a remarkable 570% year-over-year increase, driven by the popularity of its affordable Mona M03 Sedan [2] Stock Performance - Nio's stock was down 3.8% at $4.45, having traded in and out of penny stock territory for over a year, and is down 22.8% in the last 12 months [1] - Xpeng's shares were down 5.2% at $20.38, extending a pullback from its recent 52-week high of $22.80, while still boasting a 105.2% year-over-year lead [2] Upcoming Earnings - Nio is set to announce earnings before the market opens on Friday, while Xpeng is scheduled to report later in the month [3] - Nio's stock closed higher after three of four reports in 2024, while Xpeng finished positive twice, indicating investor interest in both companies within the EV sector [3]