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00:02Stellantis-backed Leap Motor reported 110,155 new energy vehicle deliveries in the first quarter, according to CNBC.
00:10Deliveries rose nearly 26% year-over-year and marked its fourth straight quarter above 100,000 units.
00:15BYD remained the market leader with 688,993 vehicles sold, but posted a 30% year-over-year decline.
00:23BYD said exports rose more than 55% to 321,165 vehicles and aims to sell well over 1 million
00:31cars overseas this year.
00:33Leap Motor delivered 50,029 vehicles in March and plans to sell 1 million cars in China with exports of
00:39100,000 to 150,000 units.
00:42Li Auto, NIO, Xiaomi, and Zeker reported quarterly growth, while Xpeng posted a 33.3% decline.
00:48Leap Motor and BYD produce key components in-house, which supports margins.
00:52For all things money, visit Benzinga.com.
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