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CnEVPost Newsletter: XPeng earnings; BYD's new models
XPeng expects first quarter vehicle deliveries to be in the range of 18,000 to 19,000 units, implying that March deliveries are expected to be 6,772 to 7,772 units.
XPeng saw a 100 percent increase in new order intake in February compared to January, and orders for the P7i have been strong since its launch, with another significant increase in order intake in March compared to February.
XPeng delivered weak 4Q results, accompanied by a muted 1Q outlook that shows March demand still under pressure, Deutsche Bank said.
XPeng announced its fourth-quarter earnings today and held a conference call with analysts. Here are key points from the text of that call.
The vlogger was ordered to publish an apology on his channel and pay NIO financial damages of RMB 80,000 yuan ($11,640).
BYD's biggest organizational change so far this year is to let its car brands operate independently, according to local media.
BYD announced today that the two models received 8,196 orders on the day they were launched on March 16.
This is the second batch of electric buses delivered by BYD in Indonesia after it delivered 30 in the country a year ago.
The offer has a deadline of April 30, and SAIC-Volkswagen plans to offer up to RMB 3.7 billion in subsidies for car purchases.
Polestar has officially unveiled the Polestar 3 in China today with what it calls a new pricing system.
To date, Baidu's Apollo Go has been offering fully driverless ride-hailing services in Beijing, Wuhan and Chongqing.
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