Caixin
May 03, 2022 08:13 PM
BUSINESS

Chinese EV-Makers’ Deliveries Plunge as Lockdowns Hit Dealers, Plants

A Leapmotor production line is seen in Jinhua, Zhejiang province,on April 26. Photo: VCG
A Leapmotor production line is seen in Jinhua, Zhejiang province,on April 26. Photo: VCG

Multiple Chinese electric-vehicle (EV) makers posted shrinking monthly deliveries in April as the country’s severe Covid outbreaks disrupted sales channels, supply chains and road transport.

In April, Nasdaq-listed Li Auto Inc. delivered 4,167 vehicles, representing a 62% month-on-month plunge and a 14-month low, according to a Sunday statement.

“The Covid-19 resurgence in the Yangtze Delta region continues to cause severe industry-wide disruptions in supply chain, logistics and production since late March,” said Shen Yanan, co-founder and president of Li Auto, in the statement.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription