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China’s Tesla challengers report record first-quarter sales, but still face uphill battle to catch global EV leader

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China’s main Tesla rivals, NIO and Xpeng, reported record sales in the first quarter of this year as smart electric vehicles increasingly hit the mark with mainland motorists.Although both saw deliveries surge more than fivefold from the same period of 2020, they are still a long way behind the American electric-car giant.Shanghai-based NIO said on Thursday that it delivered 20,060 vehicles from January to March, a huge leap of 423 per cent from the same period a year ago.Guangzhou…

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