Phate Zhang

To date, Xpeng has 1,011 charging stations, including seven S4 supercharging stations, and it aims to add more than 500 S4 stations by 2023.

Cornerstone investors, including Xpeng and Tianqi Lithium, have agreed to subscribe for a total of about HK$5.8 billion in CALB shares.

Henan is the third largest province in China by population, with 98.83 million people at the end of 2021.

SUV competition in China's premium segment will intensify dramatically next year, with Nio, Xpeng and Li Auto all aggressively going after German luxury brands' market share, said Edison Yu's team.

Previously, it was rumored that the project name of Nio's third brand would be "Firefly".

At retail, China's NEV penetration rate reached a record 29.7 percent in September.

Xpeng says the G9 comes standard with an 800V high-voltage platform and a 3C ultra-fast charging battery pack across the lineup, underscoring a previously overlooked competency.

CATL is evaluating the expansion of its EVOGO battery swap product into Europe and considering building a third factory there, latest reports say.

What is overlooked is that 3C and 800V SiC are actually standard across all models and a significant upgrade from previous generations, Edison Yu's team said.

CALB said it has previously been the preferred supplier for Xpeng's P7 and P5 sedans, is the main supplier for the G3i, and is now supplying batteries for the G9.