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CnEVPost Newsletter: Xiaomi's 1st EV model; Xpeng Q3 earnings
Xiaomi's first EV model is bigger than the Tesla Model 3 and Nio ET5, and will be available in single and dual motor versions, with battery suppliers BYD and CATL.
Xiaomi's car factory in Beijing has been conducting small-volume trial production for some time now, with dozens of vehicles already produced, according to local media.
Xpeng guided for fourth-quarter deliveries in the range of 59,500 to 63,500 units, meaning it expects to deliver a total of 39,498 to 43,498 vehicles in November and December.
"Promotional activity appeared more aggressive than anticipated," Deutsche Bank said.
Xpeng is confident of achieving rapid volume growth and a significant rebound in gross margin in the fourth quarter.
Nio has started recruiting dealership partners for the Nio brand and a sub-brand, in what appears to be a move aimed at reducing expenses while expanding sales network.
The Zeekr 007 will be available for pre-sale on the first day of the Guangzhou auto show on November 17, where Zeekr will have a booth next to Nio.
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