China’s Electric-Vehicle Makers Pull Further Ahead as Sales Rise

(Bloomberg) — China’s top electric-vehicle makers posted better-than-expected July sales as the government attempts to boost auto demand to help revive a flagging economic recovery. 

Way out front was BYD Co. Ltd., China’s top-selling automaker, which delivered 262,161 new-energy vehicles (NEVs) last month, up 61% from a year earlier. Xpeng Inc., which last week signed a deal to produce EVs with Volkswagen AG, reported July sales of 11,008 units, up 28% from the month before. Li Auto Inc. shipped 34,134 cars last month, while Nio Inc.’s deliveries jumped to 20,462.