Phate Zhang

Feel the Light!

Zhu's Tesla CEO position will be global, but the scope of responsibility may be limited to the automotive business and not include self-driving and robotics programs, according to Chinese media.

The model could be the first electric SUV from VW's Spanish sports brand Cupra -- the Tavascan -- and is expected to go into production in the second half of 2023.

As Tesla's insurance subsidy for Chinese consumers buying inventory cars was halved in December, it's offering new discounts to spur demand.

Nio at 3,141, Li Auto at 4,228 and Xpeng at 1,962 for the week. As a comparison, their numbers in the previous week were 3,759, 4,364 and 1,466 respectively.

There are no major concerns about Xpeng regarding liquidity in the near term and there is still time to win back market share, according to Edison Yu's team.

Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.

This represents an 89.73 percent increase over the 52,859 vehicles sold in the same month last year and a 39.87 percent increase over the 71,704 vehicles sold in October.

Nio and Li Auto are both up about 30 percent since last Monday, while Xpeng has rallied 70 percent in the same period.

The BYD Yuan family sold 29,402 units in November, while the Qin family sold 28,320 units.