<ul><li>Chinese electric vehicle companies NIO, Xpeng Motors, and Li Auto reported their first-quarter 2025 earnings recently.</li><li>Xpeng saw record-high quarterly deliveries and narrowed its losses significantly, while Li Auto remains the most profitable but faces revenue growth challenges due to increased competition.</li><li>Li Auto generated $3.6 billion in revenue, Xpeng reported a 141.5% revenue surge, and NIO faced a tougher path to profitability with a negative operating margin of 53.3%.</li><li>NIO posted a steep loss of over $1 billion, Li Auto earned a profit of $91 million, and Xpeng's net loss narrowed by more than half to $104 million.</li></ul>

Charts: NIO, Xpeng, and Li Auto report first quarter 2025 earnings

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