NIO, XPEV, LI shares rise on March delivery rebound

NIO, XPEV, and Li Auto rallied pre-market as March deliveries recovered following the Lunar New Year slump. NIO beat its own estimates with 83,465 Q1 deliveries, a 98% YoY surge. Li Auto reported a 12% jump in March. This momentum contrasts with Tesla, which is bracing for a slower quarter.