Phate Zhang

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."

Tesla's China-made models have no current plans to use any new models of batteries, including the 4680 cell, it said.

Xpeng expects third-quarter deliveries of 29,000 to 31,000 units, up only about 13 to 20.8 percent year-over-year.

The issue was caused by the relocation of Xpeng's Shanghai service center resulting in relevant information not being uploaded in a timely manner, according to local media.

ALPS has adopted an open partnership stance, not only bringing in CALB and FinDreams, but also approaching battery makers including Eve Energy and Svolt Energy.

Shanghai was the fourth-largest city for Xpeng P7 sales in the first half of the year, and the second-largest city for Xpeng P5 and G3 series sales.

The cost of replacing a battery pack in the Polestar 2 is twice the price of a new car, making the brand a recent talking point in China.

More than four years into the case, Xpeng is not aware of the specifics of the case and has not been involved in the subsequent investigation of the case by US judicial authorities, the company said.