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