CnEVPost Newsletter: More EV makers promise no price cuts; XPeng Q4 earnings preview
EV makers including Leapmotor, Neta and Denza have all introduced 90-day price protection policies.
"We expect generally soft results and a weak 1Q23 outlook due to challenging demand and pricing dynamics," Edison Yu's team said.
The management teams of XPeng's direct sales channel and its authorized dealer channel have been combined to reduce unnecessary competition for interest from within, according to local media.
Among the first owners of the Li L8, those who previously owned a BMW 3 Series were the highest, followed by those who owned a BMW 5 Series and an Audi A6.
The price of lithium, a raw material for batteries, has accelerated its decline, with industrial-grade lithium carbonate falling RMB 7,500 per ton to RMB 302,500 per ton today.
CATL will participate in the vehicle development and production of BAIC-affiliated NEV companies, and provide power battery products and services.
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