From January to November, Neta delivered a total of 144,278 vehicles, up 142.3 percent year-on-year.
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From January to November, Neta delivered a total of 144,278 vehicles, up 142.3 percent year-on-year.
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In the January-November period, GAC Aion sold 241,149 units, up 128 percent from the same period last year.
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Since deliveries of its first model, the Zeekr 001, began last October, Zeekr has accumulated 66,611 deliveries.
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GAC Aion is raising the price of its models by RMB 3,000 to RMB 8,000, citing the impending withdrawal of subsidies and rising raw material prices.
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Nio had operational issues in Oct (10,059 deliveries), should be fixed now
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XPeng management expects November deliveries to be no less than 5,800 units, hinting that December deliveries are expected to rebound to around 10,000 units.
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Rumors have recently surfaced that China's subsidies for NEVs may be renewed, but the amount will be only 50 percent of what it was in 2022.
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"We think a large part of the rally was caused by a short squeeze as investors were caught being too negative on the group given Covid and competition concerns," said Deutsche Bank analyst Edison Yu's team.
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