EV stocks jumped in morning trading. Lucid rose 8%; Rivian rose 7%; Tesla rose 5%; NIO rose 4%; XPeng and Li Auto rose 2%; VinFast rose 1%.

In terms of EV news, XPeng delivered 33,205 vehicles in March, the fifth consecutive month of more than 30,000 units, according to data it released.

Li Auto Inc. today announced that it delivered 36,674 vehicles in March 2025, representing a year-over-year increase of 26.5%. This brought the Company’s first-quarter deliveries to 92,864, an increase of 15.5% year-over-year. As of March 31, 2025, Li Auto’s cumulative deliveries reached 1,226,736.

NIO delivered 15,039 vehicles in March 2025, representing an increase of 26.7% year-over-year. The deliveries consisted of 10,219 vehicles from the Company’s premium smart electric vehicle brand NIO, and 4,820 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO. The Company delivered 42,094 vehicles in the first quarter of 2025, representing an increase of 40.1% year-over-year. Cumulative deliveries reached 713,658 as of March 31, 2025.