Xpeng

Almost simultaneously with Tesla, Xpeng announced a zero-down payment, up to five-year zero-interest financing to boost sales in the slow season.

Xpeng's monthly deliveries surpassed local peer Li Auto for the first time since September 2022, with the Mona M03 again delivering more than 15,000 units.

The Mona M03 delivered 15,904 units in December, the fourth month over the 10,000 mark, contributing 43 percent of Xpeng's monthly deliveries.

The new headquarters building will allow for a threefold increase in office space and a four-level underground garage.

Xpeng has more than 2,000 charging stations with over 10,000 chargers, while BP Pulse has more than 1,000 charging stations and 23,000 chargers in China.

The Xpeng G7 has the same wheelbase as Tesla's facelifted Model Y, with close and slightly larger overall dimensions. It is powered by LFP batteries supplied by CALB.

Xpeng's new SUV is officially named the Xpeng G7 and may be the most competitive SUV in the RMB 250,000 ($34,100) class this year, an executive said.

Through the partnership, more than 20,000 charging piles operated by the two companies will cover 420 cities in China for customers of Xpeng and Volkswagen.

Xpeng delivered a record 36,695 cars in December, including over 15,000 units of the Mona M03.

Deutsche Bank analysts expect deliveries to double in 2025 for both Nio and Xpeng, with Li Auto growing 40 percent.