Morgan Stanley recaps March China auto data

EditorGarrett Cook
Published 04/01/2026, 08:55 AM
© Reuters.

Investing.com -- XPeng plans to launch the new Mona M03 on Thursday, equipped with its AI Turing chip, according to Morgan Stanley. Investors are monitoring order conversion from growing VLA 2.0 test drives.

BYD’s overseas sales reached 120,000 units in March, a 19% increase from February, bringing first-quarter overseas sales to 321,000 units, up 56% from the same period last year. The company remains on track to meet its full-year target of 1.5 million units or more.

Li Auto delivered approximately 5,000 more units than its first-quarter guidance, totaling around 24,000 units of its i6 model in March compared to 16,000 units in February. The company plans to launch the L9 Livis facelift in the second quarter.

NIO delivered 16,300 units of its ES8 model in March, up 44% from February. The company’s Onvo and Firefly brands delivered 6,900 and 6,100 units respectively, representing increases of 131% and 130% from the previous month. NIO will launch its ES9 model on April 9.

Geely delivered 233,000 units in March, up 13% from February and flat compared to the same month last year. Overseas sales reached 82,000 units, up 34% from February. Lynk deliveries grew 1% from last year to 25,000 units, while ZEEKR sales reached 29,000 units, up 90% from March 2025.

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Latest comments

Nio strong buy
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