- Chinese electric car start-ups Nio, Li Auto and Xpeng each announced in the last few days that vehicle deliveries surged last year.
- The U.S.-listed shares of the three automakers have soared over the last several months.
- As much ground as the start-ups have gained, the numbers still fall far short of Elon Musk’s Tesla, which stepped up its promotions in the country on New Year’s Day and delivered about five times more cars worldwide last year than the three start-ups combined.
BEIJING — China’s homegrown Tesla rivals are racking up sales in the world’s largest auto market.
Electric car start-ups Nio, Li Auto and Xpeng each announced in the last few days that deliveries surged in 2020 to close