Xpeng

BYD was at 38,500 units last week, up 21.84 percent from the previous week's 31,600.

These discounts are a continuation of the February offer, bringing the G6's starting price down to RMB 189,900.

"With the capacity ramp-up and the debottlenecking of certain components' supply post-Chinese New Year, we will accelerate the delivery of the X9 in March," Xpeng said.

Xpeng will begin development of a globally available highway NGP in 2024 and a globally available XNGP in 2025.

The joint sourcing program will reduce platform costs by sharing the combined scale of the two companies and leveraging Volkswagen's supply chain, Xpeng said.

Bloomberg reported that Apple is canceling its decade-long EV-making effort. CEOs of EV makers including Xpeng, Li Auto, Xiaomi, and Jiyue have expressed their views.

In the February 1-25 period, Nio was at 5,100, Xpeng at 3,000, Li Auto at 16,200, BYD at 81,000 and Tesla at 24,300.

Li Auto already reported its fourth-quarter earnings earlier today, while Nio will report its earnings on March 5.

Xpeng established dealer partnerships in the UAE, Egypt, Azerbaijan, Jordan and Lebanon, with plans to expand to other European markets including Germany, the UK, Italy and France this year.

Insurance registrations for major EV makers in China have dropped significantly over the past two weeks as people celebrate the traditional Chinese New Year holiday.