CnEVPost Newsletter: XPeng earnings; BYD's new models

Mar 17, 2023

XPeng Q4 revenue misses estimates, gross margin falls to single digit

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 Q4 earnings call: New order intake up 100% in Feb from Jan

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 Q4 earnings: Deutsche Bank's first look

XPeng delivered weak 4Q results, accompanied by a muted 1Q outlook that shows March demand still under pressure, Deutsche Bank said.

XPeng Q4 earnings call: Key points of transcript

XPeng announced its fourth-quarter earnings today and held a conference call with analysts. Here are key points from the text of that call.

Vlogger ordered to apologize and pay damages to NIO for spreading false info

The vlogger was ordered to publish an apology on his channel and pay NIO financial damages of RMB 80,000 yuan ($11,640).

BYD adjusts organizational structure to prepare for higher sales, report says

BYD's biggest organizational change so far this year is to let its car brands operate independently, according to local media.

BYD launches new Han sedan and Tang SUV with lower prices

BYD announced today that the two models received 8,196 orders on the day they were launched on March 16.

BYD delivers 22 electric buses in Indonesia

This is the second batch of electric buses delivered by BYD in Indonesia after it delivered 30 in the country a year ago.

SAIC-Volkswagen offers up to $7,250 discount as China auto price war continues

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 3 officially unveiled in China, price cut by about $29,080 from previous

Polestar has officially unveiled the Polestar 3 in China today with what it calls a new pricing system.

Baidu's robotaxi platform Apollo Go gets permit to offer fully driverless rides in Beijing

To date, Baidu's Apollo Go has been offering fully driverless ride-hailing services in Beijing, Wuhan and Chongqing.