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CnEVPost Newsletter: China NEV weekly sales; XPeng earnings preview
NIO's sales appear to continue to be dampened by the upcoming new ES6, as potential consumers may be waiting for this more cost-effective SUV.
As price wars fade and consumer wait-and-see sentiment eases, pent-up demand has been released, the CPCA said.
XPeng's financial performance in the first quarter and its outlook for the second quarter will be weak, though the company may see a turnaround after the launch of G6, according to Edison Yu's team.
Volkswagen is one of the top-selling car companies in China, but it is lagging behind local carmakers in the country's NEV market.
A government document voices support for NEV development in rural areas in terms of NEV purchases, charging infrastructure development, and consumer education.
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