Smart and Sustainable Electric Mobility
Nio vehicles saw a record 6,700 insurance registrations in China last week, up 24.07 percent from 5,400 the week before.
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Autoliv, the world's largest producer of airbags and seatbelts, said its partnership with Xpeng Aeroht is aimed at making low-altitude mobility safer.
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The X9 MPV delivered 1,625 vehicles in May, contributing 16 percent of Xpeng's monthly deliveries.
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Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April.
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In the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900, and Xiaomi 6,700 units.
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Xpeng management said earlier this month that Mona's first model will be unveiled in June and will go on sale and begin deliveries in the third quarter.
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Amid Xpeng's internal concerns and distributor resistance, its wholesale sales model has only been tested on a small scale so far, according to local media.
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Another new sedan due this year from XPeng as He Xiaopeng talks about the company's plans going forward and boosting sales.
The post XPeng sales to get big Q4 boost by new sedans and exports appeared first on CarNewsChina.com.
"XPeng delivered 1Q24 earnings upside driven by earlier-than-expected recognition of high-margin VW tech and service revenue; 2Q24 volume outlook also came in better than feared," Deutsche Bank said.
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Xpeng's gross margin rose to 12.9 percent in the first quarter, marking a new model for the company, which is generating revenue from technology on top of its EV business, its CEO said.
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