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Permalink | Email this | CommentsXPeng delivered 18,230 vehicles in the first quarter, slightly above the lower end of its guidance range of 18,000 to 19,000 vehicles. | XPeng US | XPeng HK
XPeng (NYSE: XPEV) today announced that it will report its unaudited first quarter financial results on Wednesday, May 24, before the US market opens.
Previously released data showed that XPeng delivered 18,230 vehicles in the first quarter, slightly above the lower end of its guidance range of 18,000 to 19,000 vehicles.
The company previously guided for first-quarter revenue of RMB 4 billion to RMB 4.2 billion, a decrease of about 43.7 percent to 46.3 percent year on year.
XPeng sales have been weak since the second half of last year, with deliveries of just 5,218 units in January. The figure rebounded to 7,079 units in April, flat from March.
The P7i sports sedan, launched in March, continues to gather strong order momentum, XPeng said on May 1, adding that the company is significantly increasing production, which will accelerate customer deliveries of the P7i in the near future.
XPeng unveiled the new SUV G6 on April 18, the first day of the Shanghai auto show, which is based on the 800 V high-voltage platform and can get 300 kilometers of range in as little as 10 minutes on a charge.
The debut of the G6 drew great enthusiasm from visitors at the auto show, making XPeng's stand one of the most popular at the event, the company said on May 1.
The model is scheduled to be officially launched at the end of the second quarter and delivered immediately thereafter, XPeng said, repeating its previous plan.
Following the first-quarter earnings announcement, XPeng management will host an earnings call on May 24 at 8:00 a.m. US Eastern Time (8:00 pm Beijing Time on May 24).
Participants who wish to participate in the conference call by telephone can complete pre-registration by visiting the link provided below.
Pre-registration link:
https://s1.c-conf.com/diamondpass/10030387-tfg8sj.html
In addition, a live and archived webcast of the conference call will be available on the company's investor relations website at http://ir.xiaopeng.com.
A replay of the conference call will be available about one hour after the conference call, through May 31, 2023, by calling the following telephone numbers:
United States: +1-855-883-1031
International: +61-7-3107-6325
Hong Kong, China: 800-930-639
Chinese mainland: 400-120-9216
Replay PIN: 10030387
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China's NEV penetration at retail was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but lower than 34.2 percent in March.
Retail sales of new energy passenger vehicles (passenger NEVs) in China were 527,000 units in April, up 85.6 percent year-on-year but down 3.6 percent from March, according to data released today by the China Passenger Car Association (CPCA).
This was lower than the CPCA's preliminary figure of 529,000 units released on May 6 and higher than its estimate of 500,000 units released on April 25.
Battery electric vehicle (BEV) retail sales in April were 370,000 units, accounting for 70.2 percent of all NEV retail sales. This represents a 73.5 percent year-on-year increase and a 4.3 percent decrease from March.
Plug-in hybrid (PHEV) retail sales in April were 157,000 units, contributing 29.8 percent of NEV retail sales, up 122.0 percent year-on-year and down 1.8 percent from March.
Retail sales of all passenger vehicles in China were 1.63 million units in April, up 55.5 percent year-on-year and up 2.5 percent from March.
Notably, this is the second time since 2010 that China's retail vehicle sales were higher in April than in March, the CPCA said.
The penetration of NEVs at retail in China was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but down from 34.2 percent in March.
The penetration rate of NEVs was 56.5 percent for local brands, 23.8 percent for luxury brands and 4.4 percent for mainstream joint venture brands.
Wholesale sales of passenger NEVs in China were 607,000 units in April, up 115.6 percent year-on-year but down 1.7 percent from March.
This means that the penetration of NEVs at wholesale was 33.9 percent in April, up 5.9 percentage points from 28 percent penetration in April 2022 and up from 31 percent in March.
China's local brands had 49.5 percent penetration of NEVs at wholesale in April, compared to 35.5 percent for luxury brands and 4.1 percent for mainstream joint venture brands.
China exported 91,000 passenger NEVs in April, with BEVs accounting for 92.8 percent of the total. This represents a year-on-year increase of 1028.5 percent, up 29.4 percent from March, and contributes 31 percent of all passenger car exports.
Tesla China exported 35,886 units in April, SAIC passenger cars 21,450 units and BYD 14,827 units, the CPCA said.
Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant
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Including exports, China-made Model 3 and Model Y sales in April were 26,783 and 49,059 vehicles, respectively, according to the CPCA. | TSLA.US
Tesla (NASDAQ: TSLA) sold 75,842 China-made vehicles in April, including 35,886 units exported, according to data released today by the China Passenger Car Association (CPCA).
This means that Tesla delivered 39,956 vehicles in China in April, with 47.32 percent of the vehicles produced at the Shanghai plant being exported.
By comparison, Tesla delivered just 1,512 vehicles in China last April, when none were exported, due to the Covid lockdown in Shanghai.
The US electric vehicle maker's factory in Shanghai currently produces only the Model 3 and the Model Y. Including exports, the two models sold 26,783 and 49,059 units in April, according to the CPCA.
The breakdown figures of Model 3 and Model Y sales in China are expected to be available in a few days.
Retail sales of new energy vehicles (NEVs) in China in April were 527,000, with 370,000 battery electric vehicles (BEVs) sold, according to the CPCA.
This means that Tesla's share of the NEV market in China in April was 7.58 percent and its share of the BEV market was 10.80 percent. These two figures were 14.12 percent and 20.02 percent respectively in March.
It is worth noting that Tesla's model is to produce cars for export in the first half of the quarter and for the local market in the second half.
Tesla slightly raised the prices of all its available models in China earlier this month, which the CPCA believes will be helpful in boosting sales.
Tesla's price increase is a good signal to dispel the wait-and-see mentality of consumers who are overly expecting price cuts, the CPCA said in a report today.
On May 2, the prices of the Model 3 and Model Y were all raised by 2,000 yuan ($290) in China, an increase of less than 1 percent.
On May 5, prices for the full lineup of the new Model S and Model X, which are not manufactured in China, were all raised by RMB 19,000.
(1 $= RMB 6.9274)
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SAIC-GM-Wuling's Baojun brand has released several images of the Yep, showing the model somewhat similar to the Suzuki Jimny.
(Image credit: Baojun)
SAIC-GM-Wuling will soon release a new model, as the mini electric vehicle (EV) specialist continues to deepen its expertise in the field.
The automaker's Baojun brand announced on Weibo today that it will launch a new mini EV model, the Baojun Yep, on May 25.
Baojun unveiled its new logo earlier today, saying that the Yep will be the first model to use the new logo.
The brand began previewing the Baojun Yep last week, releasing several images of the car's exterior that show the model somewhat resembling the Suzuki Jimny.
The Baojun Yep has a length, width and height of 3,381 mm, 1,685 mm and 1,721 mm, respectively, and a wheelbase of 2,110 mm, previous regulatory filings showed.
For comparison, SAIC-GM-Wuling's other model, the Hongguang Mini EV, has a length, width and height of 3,059 mm, 1,521 mm and 1,614 mm, respectively, and a wheelbase of 2,010 mm.
The Baojun Yep will be powered by a permanent magnet synchronous motor with a peak power of 50 kW and a peak torque of 140 Nm.
The model has a battery pack capacity of 28.1 kWh and a CLTC range of 303 km.
In addition to the regular version, Baojun shared images of a two-door pickup version of the Yep on Weibo yesterday, a move similar to SAIC-GM-Wuling's launch of a convertible version of the Mini EV in September 2022.
SAIC-GM-Wuling is a joint venture between SAIC, General Motors and Liuzhou Wuling Automobile, headquartered in Liuzhou in southwestern China's Guangxi Zhuang Autonomous Region.
It sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs and vans.
In the small EV segment, in addition to the hot-selling Mini EV, SAIC-GM-Wuling launched the Air EV in China in December last year and the Binguo EV at the end of March this year.
SAIC-GM-Wuling sold 77,701 new energy vehicles (NEVs) in the first quarter, 69,842 of which were Mini EVs, according to the China Passenger Car Association (CPCA).
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The Denza N8's interior was unveiled in China. It is the luxurious sibling of the BYD Tang SUV. Let's get to know it better.
The post BYD’s Denza N8 interior was unveiled with 6 seats and a large screen appeared first on CarNewsChina.com.
The ET5 touring, the first of its kind to target the premium electric touring segment, may debut in Europe in June.
(Image obtained by CnEVPost)
A more European-centric variant of NIO's (NYSE: NIO) ET5 electric sedan is getting closer to its official launch.
A NIO ET5 touring, the first of its kind to target the premium electric touring segment, has been spotted on the streets of Europe, according to spy photos obtained by CnEVPost today.
The car has the yellow color exclusive to the ET5 sedan sold in China, while its rear design clearly shows that it is a touring, or hatchback, style vehicle.
(Image obtained by CnEVPost)
NIO will launch a touring version of the ET5, the ET5's sister model, in June or July, the electric vehicle (EV) maker's co-founder and president Qin Lihong said at an event in January, as previously reported by CnEVPost.
The touring variant of the ET5 will debut in Europe, and the model is developed primarily for European consumers, Qin said at the time.
CnEVPost has learned from a source that the model is expected to make its official debut in Europe in June. ET5 touring was previously referred to as ET5 shooting brake on many occasions.
Touring models have a large market in Europe, while sales of sedans are low, which is the opposite of the situation in China, Qin said at the January event.
"Sedan derivatives are a niche market in China, but the opposite is true in Europe. We don't see many real sedans in Europe," he said at the time.
The ET5 is the cheapest of the NIO product array, starting at 328,000 yuan ($47,410) in China.
The model's support for battery swap and beautiful design have made it a major contributor to NIO's sales in the past few months, selling around 6,000 units each month from January to March.
For NIO, the ET5 touring is likely to be the game changer for the company to see sales really start to grow in Europe, as local consumers prefer this kind of sedan variant.
It is worth noting that the ET5 touring will be available in China in addition to for European consumers.
At the beginning of March, the car appeared in a regulatory catalog of models that will be allowed to be sold in China, showing its exterior and core specifications.
($1 = RMB 6.9180)
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