Phate Zhang

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.

BYD sold 113,915 BEVs and 116,027 PHEVs in November.

While the latest change appears to mean little change in wait times for Tesla models in China, the move is worth watching.

The latest wait time for the Nio ET5 is 13-15 weeks, down from the 21-23 weeks shown when this information was first available on September 16.

Fab 5 China EV sales came in stronger than expected as new product cycles at Li Auto and Nio really start to kick in, leading to record monthly volumes despite a weak macro backdrop, said Edison Yu's team.

Xpeng expects deliveries to increase significantly in December as production of the G9 ramps up under normal operating conditions.