Xpeng

Xpeng now has more than 1,000 of self-operated charging stations in China, including 186 S4 ultra-fast charging stations.

Xpeng management previously said that the G6 will be unveiled at the Shanghai auto show and will be officially launched and delivered by the end of the second quarter, with a price range of RMB 200,000 - 300,000.

Xpeng's new sports sedan, the P7i, launched for the China market in March, generated favorable market reception and its order backlog is gathering strong momentum, it said.

Xpeng's XNGP system will enable full-scenario ADAS from start to stop when the full rollout is completed in 2024, it said.

Xpeng forecast its deliveries would drop about 46% in the first quarter, but expects to rebound in the second half with a steady stream of new product launches.

Xpeng's store traffic and test drives have reached new highs in recent months following the launch of the P7i, the company's management said earlier this month.

The upcoming G6 will need to be successful to make Xpeng to be truly relevant again in the market, said Edison Yu's team.

Xpeng announced its fourth-quarter earnings today and held a conference call with analysts. Here are key points from the text of that call.

Xpeng delivered weak 4Q results, accompanied by a muted 1Q outlook that shows March demand still under pressure, Deutsche Bank said.

Xpeng saw a 100 percent increase in new order intake in February compared to January, and orders for the P7i have been strong since its launch, with another significant increase in order intake in March compared to February.