Xpeng

Insurance registrations for major EV makers in China fell significantly last week, as the beginning of the year and the start of the month are typically low for deliveries.

In December, 17,700 Nio vehicles were registered for insurance in China, 17,300 for Xpeng and 76,000 for Tesla.

Pricing for the Xpeng X9 has been more aggressive than expected, and volume could go upside in the first half of 2024, said Deutsche Bank.

Xpeng's models are aimed mainly at the price range of RMB 200,000 to RMB 300,000, which is one of the most crowded segments at the moment.

As of today, XNGP's smart driving capabilities cover 90 percent of the cities where owners of Max version Xpeng vehicles are located.

The X9 starts at RMB 359,800, which is RMB 28,200 lower than the pre-sale price, and Xpeng said the MPV is a high-value family vehicle in the RMB 350,000 class.

Xpeng delivered a record 60,158 vehicles in the fourth quarter, falling within its previous guidance range of 59,500 to 63,500 vehicles.

Xpeng will officially launch the X9 on January 1, with a launch event starting at 6:30 pm Beijing Time.

"I strongly believe that the demand for ADAS will surge in the next five years, and Xpeng will be the preferred smart EV brand for consumers," said Xpeng CEO.

Between December 1 and December 24, Nio was at 12,000 units, Xpeng at 12,500, Li Auto at 36,400, Tesla at 60,200 and BYD at 180,000 units.