The new energy vehicle sector generally rose. Li Auto (LI) increased by 5.27%. March sales for new car manufacturers collectively rebounded.

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Jinwu Financial News | The new energy vehicle sector saw broad gains, with Li Auto (LI) up 5.27%, NIO down 4.73%, XPeng Group (XPEV) up 2.22%, and Tesla (TSLA) up 1.26%.

On the news front, in March the collective rebound of new vehicle-making forces took place. Leapmotor returned to the monthly sales range of 50,000 units. Li Auto, NIO, and XPeng all recorded different degrees of growth compared with the previous month. At the April Beijing Auto Show, Leapmotor will release the Lafa 5Ultra version and the flagship model D19, realizing “delivery upon launch.” XPeng officially entered the Mexico market on March 25 and released its three-year Latin America strategy.

Cui Dongshu, Secretary-General of the China Passenger Car Association, said that new vehicles in the new energy sector are set to be launched and announced one after another within the year, and the warmth of the new energy market is expected to rebound. From technical releases to pre-sales and then to deliveries, there is still a certain time span. This portion of the incremental growth was not reflected in the March end-market performance.

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