CnEVPost Newsletter: XPeng Q1 revenue soars 616% year-on-year to $450 million, beating expectations

XPeng's Q1 revenue soars 616% year-on-year to $450 million, beating expectations - CnEVPost — cnevpost.com XPeng reported first-quarter revenue of RMB 2.95 billion ($450.4 million), beating Wall Street expectations of RMB 2.886 billion, according to unaudited results released Thursday by the Chinese electric vehicle company.

Deutsche Bank's first look at XPeng Q1 earnings: Solid results as previewed - CnEVPost Vehicle margin benefitted from recognition of XPILOT software revenue and lower material costs (+330bps QoQ to 10.1%, ahead of our 9.7%).

XPeng earnings call: P7 expected to start deliveries in Norway in H2 - CnEVPost XPeng exported more than 300 G3 SUVs in the first quarter and plans to start delivering P7s in Norway in the second half of the year.

NIO tops China's all-electric SUV market in April with 23% share - CnEVPost NIO was the top-selling brand in China's all-electric SUV market in April with a 23 percent market share, higher than Tesla's 17 percent, WM Motor and XPeng Motors' 7 percent.

NIO's battery rental service BaaS called world-changing idea in new ranking - CnEVPost For NIO, the battery rental service BaaS (Battery-as-a-Service) was a major gamble on its fate. Now, as the model achieves initial success, it is becoming increasingly recognized.

NIO in April 2021: Fresh sales record, new major partnership - CnEVPost NIO is actively reinforcing its business through infrastructure-related collaborations.

Li ONE tops insurance registrations among Chinese new energy SUVs in April, ahead of Model Y - CnEVPost Without the temporary production line shutdown, the Model Y would have seen the highest insurance registration in the Chinese new energy SUV market in April.

Auto giant GAC reportedly studying feasibility of building battery swap stations - CnEVPost Attracted by the initial success of NIO and the support of Chinese policy, the battery swap model for electric vehicles is about to see more players.

Chinese self-driving startup WeRide closes Series C round, valuing it at $3.3 billion - CnEVPost WeRide is currently conducting unmanned testing in China and the US to prepare for the final step of test validation for the operation of driverless minibuses.