NIO and XPEV are both sharply lower today despite upbeat delivery numbers
Nio Inc (NYSE:NIO) stock was last seen down 3.8% at $4.45 amid U.S. trade tensions, despite the company reporting strong delivery numbers over the weekend. The China-based electric vehicle (EV) name delivered 13,192 vehicles in February of this year, which is a 62.2% year-over-year increase, bringing its 2025 deliveries to 27,055. The stock has traded in and out of penny stock territory for a little over a year now, down 22.8% in the last 12 months.
The shares of competitor Xpeng Inc (NYSE:XPEV) are lower as well, down 5.2% at $20.38 at last glance. The EV name delivered 30,453 units in February for an impressive 570% year-over-year increase with the help of its Mona M03 Sedan, popular for its affordability. XPEV is extending a pullback from its recent Feb. 27, 52-week high of $22.80, and boasts a 105.2% year-over-year lead.
Nio will announce earnings before the open this Friday, while Xpeng is slated to report later this month. NIO closed higher after three of four reports in 2024, while XPEV finished positive twice. Both stocks are on investors' radar in the EV sector, along with China-based peer Li Auto (LI).