CnEVPost Newsletter: BYD previews Q4 earnings; XPeng names new president

Jan 30, 2023

BYD's Q4 net profit expected to be 10 times higher than year-ago quarter

This represents a year-on-year increase of 1013 percent-1179 percent, and a quarterly increase of 17 percent-35 percent.

XPeng appoints ex-Great Wall Motor exec Wang Fengying as president in its most important hire in years

Ms. Wang will be responsible for XPeng's product planning, portfolio management and sales operations, reporting to the company's chairman and CEO, He Xiaopeng.

XPeng's flying car arm gets conditional flight permit in China

XPeng Aeroht's X2 flying car has become the first manned eVTOL (electric vertical take-off and landing) product to receive such a permit in China.

Deutsche Bank on China EV market: Jan looking soft as expected

China EV stocks are up an average of 20 percent year-to-date but have underperformed China tech ADRs since December, likely due to investor concerns about weak first-quarter sales and increased competition, according to Edison Yu's team.

Zeekr's new model, Zeekr 003, could be just months away from launch

The Zeekr 003 is expected to target a price range of RMB150,000 ($22,110) - 200,000 yuan and is expected to help Zeekr reach its goal of doubling annual sales.

Chery sends 24,000 vehicles to 11 countries during Chinese New Year holiday

In 2022, 3.11 million vehicles were exported from China, of which Chery contributed 452,000, or 14.5 percent.

Shanghai's NEV ownership approaches 1 million, 55% BEVs

In terms of penetration, new registrations of NEVs in Shanghai contributed 53 percent of all new vehicle registrations in 2022.

Shanghai extends $1,500 subsidy to encourage residents to replace cars with EVs

The policy was first released in Shanghai last May and was valid until the end of 2022.