Xpeng

Xpeng's battery R&D team is currently around 100 people, and the company already has a lot of communication with upstream raw material suppliers, according to local media.

Li Auto vehicles had 3,023 insurance registrations for the week, and Xpeng had 1,173.

Xpeng may be preparing for future battery development. A month ago, a similar company established by Nio received a lot of media coverage.

Xpeng has cut the SKUs of the P7, P5 and G3i in half, seemingly hoping to boost declining sales by making it easier for consumers to choose.

Xpeng saw a significant drop in deliveries in the second half of the year, and potential consumers waiting for the new P7 could be one of the reasons.

Although Xpeng has not directly adjusted the prices of its models, the discounts to some extent amount to a price cut in disguise, local media said.

Li Auto vehicles had 3,154 insurance registrations for the week, up from 2,224 in the first week. Xpeng was 1,107, essentially unchanged from 1,115 in the first week.

Renaissance reduced its stake in Nio by 28.63 percent in the third quarter, while increasing its holdings in Xpeng and Li Auto by 74.47 percent and 106 percent, respectively.

Industrial Securities believes that Xpeng's short-term model changeover and sales pressure will not affect the company's long-term value.

CalPERS increased its position in Nio by 18.2 percent and its position in Li Auto by 21.05 percent in the third quarter.