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CnEVPost Newsletter: BYD previews Q4 earnings; XPeng names new president
This represents a year-on-year increase of 1013 percent-1179 percent, and a quarterly increase of 17 percent-35 percent.
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 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.
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.
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.
In 2022, 3.11 million vehicles were exported from China, of which Chery contributed 452,000, or 14.5 percent.
In terms of penetration, new registrations of NEVs in Shanghai contributed 53 percent of all new vehicle registrations in 2022.
The policy was first released in Shanghai last May and was valid until the end of 2022.
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