On Monday, shares of Chinese electric vehicle companies traded in the U.S. saw broad gains. Li Auto (LI.US) rose more than 5%, while NIO Inc. (NIO.US) and XPeng Inc. (XPEV.US) each advanced over 3%.

Data from the China Passenger Car Association (CPCA) showed that retail sales of new energy passenger vehicles reached 849,000 units in April. The retail penetration rate of new energy vehicles in the overall domestic passenger car market for the month was 61.4%, representing an increase of 9.7 percentage points year-over-year and a 9.6 percentage point increase month-over-month.

Breaking down the April domestic retail figures by brand type, the penetration rate of new energy vehicles within domestic Chinese brands reached 80.1%. For luxury vehicle brands, the new energy vehicle penetration rate stood at 26.1%. The penetration rate within mainstream joint-venture brands rose to 14.1%.

From an automaker perspective, CPCA statistics indicate that in April, the domestic brands achieving retail sales of new energy passenger vehicles exceeding 50,000 units included BYD (182,000 units), Geely Auto (95,600 units), Changan Automobile (64,500 units), and Leapmotor (57,200 units). Additionally, brands such as Xiaomi Auto, Chery Automobile, SAIC-GM-Wuling, Li Auto, and Harmony Intelligent Mobility all reported domestic retail sales of new energy passenger vehicles surpassing 30,000 units for the month.