Xpeng
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Goldman Sachs initiates coverage on Xpeng with Buy rating, bullish on G6 potential
Goldman Sachs believes the market has yet to fully reflect the potential of the G6, with the model ranking No.1 among comparable models, and which is the most competitive product released by Xpeng to date.
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China NEV insurance registrations for week ending Jul 9: Li Auto 7,900, Tesla 3,200, Nio 3,100
Deliveries are usually relatively slow at the beginning of the month, and Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.
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Xpeng Jun sales breakdown: P7 contributes 60.28% with 5,196 units
The Xpeng G9 sold 1,025 units in June, the P5 1,721 units and the G3 series 434 units.
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Xpeng starts deliveries of new SUV G6 in China
The G6 has received many orders, which would help Xpeng see monthly deliveries reach 15,000 units in the third quarter and 20,000 units in the fourth quarter, an executive previously said.
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Xpeng partners with local dealer to tap Israel market as it steps up efforts in global arena
EV buyers in Israel currently enjoy a 20 percent purchase tax, well below the 83 percent for regular gasoline vehicles.
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Xpeng G6 rumored to get 28,000 firm orders in 4 days after launch
Never before has any Xpeng model been so popular, said a store employee, according to a local media report.
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Carmakers, including Tesla, BYD, Nio, Xpeng, Li Auto, pledge to jointly maintain order in China auto market
These car companies have pledged to regulate their marketing activities and not to disrupt the order of fair competition in the market with abnormal prices.
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Xpeng works to boost capacity as G6 wait time exceeds 10 weeks
As of July 5, Xpeng's US-traded ADR was up about 75 percent cumulatively since June 9, when the G6 began pre-sales.
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China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900
The Tesla Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.
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Li Auto raises H2 sales forecast to about 240,000 units, report says
Nio has given its supply chain a full-year sales forecast of 240,000 units, according to local media.









