Xpeng

BYD and Nio's numbers were higher than the previous week, while Tesla's were lower than the previous week.

Bridgewater reduced its holdings in Nio by 27.91 percent, Xpeng by 6.15 percent and Li Auto by 46.63 percent during the fourth quarter.

China has tightened its regulations on NEV production qualifications since 2017, and the production qualifications Xpeng has received are among the very few.

Insurance registrations for NEVs in China by major EV makers rebounded last week, although they have not yet reached the levels seen before the Chinese New Year holiday.

Deliveries of the new P7 in Europe will begin in June, and deliveries of the G9 are expected to begin in September.

The month's vehicle deliveries reflected a seasonal slowdown during the Chinese New Year holiday that began in mid-January, Xpeng said.

The Chinese New Year holiday from January 21 to January 27 was a significant impact on car companies' sales activity.

China EV stocks are up an average of 20 percent year-to-date but have underperformed China tech ADRs since December, likely due to investor concerns about weak first-quarter sales and increased competition, according to Edison Yu's team.

Xpeng Aeroht's X2 flying car has become the first manned eVTOL (electric vertical take-off and landing) product to receive such a permit in China.

Ms. Wang will be responsible for Xpeng's product planning, portfolio management and sales operations, reporting to the company's chairman and CEO, He Xiaopeng.