Phate Zhang

Yu's team maintained its Buy rating on Xpeng, saying they believe Xpeng's assisted driving technology is undervalued over the long term.

Earlier this month, a company originally formed by Changan and Nio announced the completion of a new round of financing that reduced Nio's stake to less than 1 percent.

Trailers transporting the Nio ET7 have been seen driving on the roads in the Netherlands, Belgium and Norway.

Nio previously said that ET5 deliveries would begin in September 2022, but the expected first delivery date was announced.

The all-electric version of the Denza D9 has two fast charging ports and can be charged simultaneously using two chargers.

Xpeng has fallen a cumulative 64 percent so far this year in Hong Kong. Li Auto has fallen a cumulative 11 percent so far this year. Nio has fallen 11 percent since listing in Hong Kong on March 10.

The facility will launch prototype production in the first half of 2023 and go into full production in 2024.

In the first half, CATL's gross margin was 18.68 percent, up 4.2 percentage points from 14.48 percent in the first quarter.

Xpeng will also launch a C-class model in the second half of next year to bring an ultimate experience to a user base that needs more space and comfort.

"Even if we embed some degree of conservatism, this suggests further demand deterioration in Aug/Sep on a sequential basis."