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.
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In 2022, 3.11 million vehicles were exported from China, of which Chery contributed 452,000, or 14.5 percent.
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.


In terms of penetration, new registrations of NEVs in Shanghai contributed 53 percent of all new vehicle registrations in 2022.