CnEVPost Newsletter: China EV deliveries
NIO delivered 31,041 vehicles in the first quarter, slightly above the lower end of its previous guidance range of 31,000 to 33,000 vehicles.
NIO will showcase six models based on the latest NT 2.0 platform at the Shanghai auto show, with the all-new ES6 making its debut.
Li also said that Tesla's price cut comes after it faced stiff competition in China, where it does not have pricing power.
NIO ET7 deliveries in Europe began last October, and EL7 deliveries there began at the end of January.
XPeng's new sports sedan, the P7i, launched for the China market in March, generated favorable market reception and its order backlog is gathering strong momentum, it said.
Li Auto delivered 52,584 vehicles in the first quarter, slightly above the lower end of the previous guidance range of 52,000 to 55,000 vehicles.
In the first quarter, Zeekr delivered 15,234 units, up 84.86 percent year-on-year, but down 53.08 percent from the fourth quarter.
In March, GAC Aion sold 40,016 vehicles, Leapmotor delivered 6,172 and Shenlan 8,568.
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