Category: eMobility

Aftermarket tire and repair shops could gain in EV shift

Tesla Model 3 with prototype Goodyear airless tiresSo far, few if any widespread automotive service retailers have tried to woo the business of electric vehicle owners. But recent survey results suggest that some of them might do better by focusing on EV-specific needs soon. The results come from survey giant J.D. Power, via its U.S. Aftermarket Service Index Study, out last week. It found that...

XPeng to report Q1 earnings on May 24

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.  |  XPeng US | XPeng HK

XPeng to report Q1 earnings on May 24-CnEVPost

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

The post XPeng to report Q1 earnings on May 24 appeared first on CnEVPost.

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China passenger NEV retail drops 3.6% MoM to 527,000 in Apr, CPCA data show

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.

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

The post China passenger NEV retail drops 3.6% MoM to 527,000 in Apr, CPCA data show appeared first on CnEVPost.

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Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant

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 delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

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.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

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.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

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.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

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)

Tesla hikes Model 3, Model Y prices slightly in China

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