Phate Zhang

Over the past four months, Xpeng, which always has the lowest average price, has seen the highest deliveries, and Nio, which has the highest price, has the lowest deliveries.

Xpeng is carrying out a technology upgrade at its Zhaoqing plant, taking advantage of the scheduled production downtime over the Chinese New Year Holiday.

That's up 128 percent from 5,379 units a year ago, but down 13 percent from 14,087 units in December.

Nio delivered 9,652 vehicles in January, up 33.6 percent from 7,225 units in the same month last year and down 8 percent from 10,489 units in December.

GAC Aion sales increased 117.9 percent year-on-year to 16,031 units in January, down 3.9 percent from 16,675 units in December.

Neta delivered 11,009 vehicles in January, up 401.6 percent year-on-year and 8.7 percent from December.

This is the tenth consecutive month that the company's deliveries have grown more than 200 percent year-on-year.

Zeekr has delivered 9,537 Zeekr 001s since deliveries began last October.

None of the noteholders have exercised their repurchase rights and no notes have been surrendered for repurchase, according to a statement from Nio.

This means the team sees Xpeng outperforming the overall market by 10-20 percent within the next six months.