Despite the global chip scarcity, Nio and Xpeng Motors are preparing to report June and Q2 deliveries, as the Chinese EV startups step up their competition against Tesla with new EV launches and activities. Nio’s stock soared as a result of renewed stock traction thanks to memes. Nio’s premium electric SUV sales nearly quadrupled in May compared to the same month last year, after more than doubling in April./n
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