Category: XPeng

Xpeng shares up nearly 20% this week ahead of G6 launch

will hold an official launch event for the G6 today starting at 8 pm Beijing time, where the official pricing will be announced.

Xpeng's (NYSE: XPEV) highly anticipated new SUV, the G6, a (NASDAQ: TSLA) Model Y competitor, will go on sale in China in about 10 hours. Ahead of that, investors are clearly excited.

Xpeng's Hong Kong-traded stock was up 4.72 percent to HK$46.90 as of press time, giving it a cumulative gain of more than 18 percent since Monday.

The Chinese electric vehicle (EV) company's US-traded ADRs rose 7.29 percent to $11.78 at yesterday's close, giving it an 18.99 percent gain for the week.

The biggest catalyst driving the rally in Xpeng shares this week is the upcoming launch of the G6.

Xpeng will hold the launch event of the G6 starting at 8 pm Beijing time (8 am US Eastern time) on June 29, and it posted a Weibo early this morning saying that everything is in place for the event.

(Image credit: XPeng)

Xpeng gave the G6 its debut on the first day of the Shanghai auto show on April 18, saying the G6 is the ultimate form of car before full autonomous driving is achieved.

The model is based on the 800 V high-voltage platform and can get a 300-kilometer range in as little as 10 minutes of charge, Xpeng said at the time. The company's other 800 V-based model is the flagship SUV G9.

Xpeng began pre-sales for the G6 on June 9, with pre-sale prices starting at RMB 225,000 ($31,090), significantly lower than the Tesla Model Y's starting price of RMB 263,900 in China.

The Xpeng G6 received more than 25,000 orders within 72 hours of the start of pre-sales, the company announced on Weibo on June 12.

The G6 show cars were already available at Xpeng stores, and the model would officially launch on June 29 with deliveries starting in July, the company said earlier this month.

Referring to the practices of other local Chinese EV companies, Xpeng will likely announce a lower final pricing than the pre-sale price when the G6 officially launches today, thus providing consumers with a surprise that exceeds expectations.

The Xpeng G6 is an all-electric mid-size SUV with a length, width and height of 4,753 mm, 1,920 mm and 1,650 mm, respectively, and a wheelbase of 2,890 mm, a regulatory filing from March showed.

For comparison, the Tesla Model Y has a length, width and height of 4,750 mm, 1,921 mm and 1,624 mm, respectively, and a wheelbase of 2,890 mm.

The G6 will be a hot seller in China's new energy SUV market priced in the RMB 200,000 to 300,000 range and will enable Xpeng's total deliveries to grow well above the industry in the third quarter, the company's management said in a call with analysts after announcing its first-quarter earnings on May 24.

In the view of Wall Street analysts, the G6 will be critical to boosting Xpeng's sluggish sales.

"With margins and cash burn looking materially worse following 1Q earnings, we believe management may be making its last stand with the G6," Deutsche Bank analyst Edison Yu's team said in a research note sent to investors on May 30.

Xpeng management said in a May 24 conference call that it had set aside about two months between the start of production and delivery of the G6, and that Xpeng wanted the model to reach more than twice the sales of the P7i.

This means, according to Yu's team, that Xpeng management expects the G6 to sell 6,000-8,000 units a month.

The G6 needs to be successful for XPeng to be truly relevant to the market again, the team said.

($1 = RMB 7.2379)

XPeng says G6 gets over 25,000 orders 72 hours after pre-sale starts

The post Xpeng shares up nearly 20% this week ahead of G6 launch appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China NEV insurance registrations for week ending Jun 25: Tesla 16,700, Li Auto 7,500, Nio 3,200

sold 8,000 units between June 1 and June 25. Its previous guidance implied 10,187-12,187 vehicles would be delivered in June.

For the week of June 19 to June 25, (NASDAQ: LI) sold 7,500 units, continuing to lead among China's new car-making brands, the company said today on Weibo.

As of June 25, Li Auto has sold 27,300 units this month and is on track to reach its 30,000-unit monthly sales goal, it said.

Li Auto didn't explain what that weekly sales tally was based on, but apparently they are insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.

Nio (NYSE: NIO) sold 3,200 units last week and 8,000 units from June 1 to June 25, according to figures shared by Li Auto.

Notably, June 22 to June 24 was a three-day Dragon Boat Festival holiday, and June 25 was a Sunday, but a working day after the holiday.

Nio's weekly sales have continued to grow over the past three weeks, as deliveries of new models began. It was 1,500 units in the week of June 5 to June 11 and 2,000 units in the week of June 12 to June 18.

Nio officially launched the new ES6 on May 24 and the ET5 Touring on June 15.

Deliveries of the new ES6 began on the night of the launch on May 24, and deliveries of the ET5 Touring began on June 16.

In addition to these two new models, Nio will also begin deliveries of the new ES8 on June 28, which was launched on Nio Day 2022 on December 24, 2022.

When Nio reported first-quarter earnings on June 9, it guided for second-quarter deliveries of between 23,000 and 25,000 vehicles, meaning it expects to deliver between 10,187 and 12,187 vehicles in June.

On June 20, Nio signed a share subscription agreement with Abu Dhabi-based investment firm CYVN Holdings, which will invest a total of about $1.1 billion in it.

(NASDAQ: TSLA) sold 16,700 units in China last week and 57,300 units from June 1 to June 25, according to figures shared by Li Auto.

In the two weeks prior to last week, Tesla sold 16,400 units and 14,500 units respectively in China.

From June 1 to June 25, Tesla was the top-selling premium brand in China, surpassing Mercedes-Benz's 52,100 units and above Audi's 51,600 units, according to a table by Li Auto.

On June 16, Tesla announced that Chinese consumers who purchase and take delivery of an already produced rear-wheel drive version of the Model 3 this month will receive an insurance subsidy of RMB 8,000 ($1,110).

(NYSE: XPEV) sold 2,600 units last week and 6,400 units from June 1 to June 25.

Xpeng began pre-sales of the G6 on June 9 at a price starting at RMB 225,000, significantly lower than the Tesla Model Y's starting price of RMB 263,900 in China.

The Xpeng G6 received more than 25,000 orders within 72 hours of the start of the pre-sale, the company announced on Weibo on June 12.

The G6 show cars were already available at Xpeng stores, and the model will officially go on sale June 29 with deliveries starting in July, the company said earlier this month.

Leapmotor sold 3,100 units last week and 10,600 units from June 1 to June 25.

On June 20, Leapmotor announced that it had reached 200,000 cumulative deliveries since its inception.

Leapmotor delivered 12,058 vehicles in May and had 192,962 cumulative deliveries by the end of May, according to data monitored by CnEVPost.

sold 2,600 units last week and 6,900 units between June 1 and June 25. It began deliveries of its third model, the Zeekr X, on June 12.

Denza sold 2,400 units last week, and 8,300 units from June 1 to June 25.

Denza, which currently has only the Denza D9 MPV on sale, will officially launch the Denza N7 on July 3, its first SUV since the rebranding last year.

The Denza N7 is aimed at the market for traditional internal combustion engine vehicles priced around 400,000 yuan, an executive said earlier.

sold 1,900 units last week and 6,700 between June 1 and June 25.

A total of 4,000 Neta EVs were shipped abroad, the latest new batch after 3,600 were sent to overseas markets in March, the company said on June 6.

Great Wall Motor's Wey brand sold 1,500 units last week and 5,000 units from June 1 to June 25.

Changan Automobile's NEV subsidiary Deepal sold 1,500 units last week and 4,900 units from June 1 to June 25.

-backed Aito sold 1,200 units last week, and 3,200 units from June 1 to June 25.

($1 = RMB 7.2181)

The post China NEV insurance registrations for week ending Jun 25: Tesla 16,700, Li Auto 7,500, Nio 3,200 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng plans to launch right-hand drive model in Hong Kong next year, report says

Right-hand drive is a large segment of the overall EV market, and is determined to build itself into a strong global EV company, the South China Morning Post quoted XPeng's president as saying.

(Image credit: CnEVPost)

XPeng (NYSE: XPEV) is reportedly setting its sights on Hong Kong, after entering the European market.

Guangzhou-based XPeng plans to launch a right-hand drive model in Hong Kong next year to compete with well-established rivals like , the South China Morning Post said in a report yesterday.

XPeng would offer a vehicle distinct from existing EVs on the streets of Hong Kong that will appeal to local customers with its advanced technology and unique design, reinforcing its go-global strategy, the report quoted Brian Gu, vice chairman and president of the EV maker, as saying.

The XPeng right-hand drive model will probably hit the Hong Kong market in late 2024, Gu said.

This marks the first step for one of China's major EV makers to enter the Hong Kong market with a right-hand drive model, the report said, adding that XPeng's domestic rivals -- (NYSE: NIO) and (NASDAQ: LI) -- have not yet announced plans to sell EVs in Hong Kong.

NIO, based in Shanghai, is currently focusing its international efforts on Europe, and Li Auto, based in Beijing, has not yet begun to venture into international markets.

Right-hand drive is a large segment of the overall EV market, and XPeng is determined to build itself into a strong global EV company, the South China Morning Post quoted Gu as saying.

"By the time we enter, we will probably face pretty significant competition," he said in a keynote session at the South China Morning Post's China Conference: Hong Kong 2023.

"But we do feel that our products will have a different appeal. We want to make sure that the technologies we develop in China can be made available in Hong Kong as well," he added.

On February 3, XPeng announced the launch of its two latest EVs in the European market, the G9 flagship SUV and the new P7 sports sedan, marking the restart of an overseas expansion that XPeng had suspended for much of last year.

He Xiaopeng, the company's chairman and CEO, said on Weibo on June 18 that the company would launch "version 2.0" of its overseas expansion efforts starting in the third quarter with the delivery of the P7 and G9.

After that, XPeng will accelerate its entry into more markets, he said.

Unlike most of the models exported, XPeng expects to bring high-quality, high-tech vehicles to overseas markets and expects to see more and more Chinese brand vehicles around the world, he said.

Earlier today, XPeng announced that it has selected the ACCESS Twine for Car (Twine4Car) in-car infotainment solution to provide apps and games, including prominent streaming services, for its new range of EVs.

This will start with the all-electric XPeng P7 sedan, with European deliveries set to begin this summer, the company said.

XPeng sales in China have been weak over the past year, due to product switches and a weakening in overall EV demand.

The company delivered 7,506 vehicles in May, down 25.87 percent year-on-year but up 6.03 percent from April.

In the January-May period, XPeng delivered 32,815 vehicles, down 38.88 percent year-on-year, according to data monitored by CnEVPost.

By the end of May, XPeng's cumulative deliveries since its inception were 291,525 vehicles.

XPeng CEO sees China EV landscape far from set

The post XPeng plans to launch right-hand drive model in Hong Kong next year, report says appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng to equip its vehicles in Europe with Twine4Car infotainment system for better experience

This will start with the all-electric P7 sedan, with European deliveries set to begin this summer.

(Image credit: XPeng)

Providing a localized infotainment system is a challenge for Chinese electric vehicle (EV) startups entering the European market, and XPeng (NYSE: XPEV) has chosen to work with a supplier that offers a proven solution to meet the needs of local consumers.

XPeng has selected the ACCESS Twine for Car (Twine4Car) in-car infotainment solution to provide apps and games for its new range of EVs, including prominent streaming services, the Chinese EV company announced today.

This will start with the all-electric XPeng P7 sedan, with European deliveries set to begin this summer, the company said.

(Image credit: CnEVPost)

Moving forward, existing XPeng drivers will also have the option to upgrade their cars with an over-the-air (OTA) software update to include Access' Twine4Car.

XPeng has ramped up its expansion into overseas markets this year, after slowing that effort last year.

On February 3, XPeng announced the launch of its two newest EVs to the European market, the G9 flagship SUV and the new P7 sports sedan, and allowed consumers in Denmark, Norway, the Netherlands and Sweden to order them.

On June 18, XPeng chairman and CEO He Xiaopeng said on Weibo that the company will launch "version 2.0" of its efforts in overseas markets starting in the third quarter with the delivery of the P7 and G9.

After that, XPeng will accelerate its entry into more countries, he said.

Unlike most of the exported models, XPeng expects to bring high-quality, high-tech vehicles to overseas markets and expects to see more and more Chinese brand vehicles around the world, he said.

The Twine4Car platform is the industry's leading automotive content and application services solution for connected car infotainment, enabling car companies to offer branded entertainment services, according to XPeng.

"We selected ACCESS Twine4Car as our in-vehicle infotainment provider to create a mobility experience that's more intuitive and enjoyable—our vehicles are designed to move people emotionally as well as physically," said Eric Xu, vice president of international markets at XPeng.

By using a more thoughtful approach to mobility, XPeng hopes to provide a higher level of sophistication and ease for drivers in Europe, said Xu.

The Twine4Car app store includes some of the most used and easily recognizable social and productivity apps that allow drivers and passengers to work and play in the car while parked or charging, according to an XPeng press release.

(Image credit: XPeng)

ACCESS also offers a new game portal for XPeng that includes console-grade games with the latest high-compression streaming technology, allowing users to play even on low-speed connections.

"Whether its drivers wanting to stream their favorite songs and podcasts, or passengers looking to watch their favorite videos and access their favorite social media platforms, we look forward to enabling connected infotainment experiences that match the beauty and quality of XPeng's exciting new electric vehicles," said Masahiro Aono, CEO, ACCESS Europe.

Twine4Car acts as a central hub for all in-car services, bringing together content from global media partners to provide XPeng's cars with a wide range of apps, TV services, games and VOD offerings, according to its press release.

XPeng launches G9 and new P7 in Europe, restarts efforts to build presence overseas

The post XPeng to equip its vehicles in Europe with Twine4Car infotainment system for better experience appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng signs partnership deal with home appliance giant Midea’s auto parts unit

Midea's automotive parts division, Welling, will provide thermal management products, including electric compressors, for the entire model line.

(Image credit: Midea)

XPeng (NYSE: XPEV) today signed a strategic partnership agreement with Welling, the automotive parts division of Chinese home appliance giant Midea Group, to collaborate on thermal management products.

Welling will provide thermal management products, including electric compressors, for the entire XPeng model line, according to a Midea press release.

Electric compressors improve energy efficiency through cooling, heating and internal heat transfer, and play a critical role in battery life, charging speed and range, according to the release.

Welling's products cover a wide range of areas including electric compressors, integrated modules for thermal management, drive motors, EPS steering motors, and electronic water pumps and is committed to providing core components and system solutions for green mobility, according to the release.

Midea is one of the largest home appliance manufacturers in China and has been involved in the vehicle components field for 20 years.

Midea entered the commercial vehicle sector in 2003 and has since acquired several bus companies and built production bases in Kunming and Changsha, with bus and specialized chassis manufacturing capabilities.

On May 18, 2021, Welling announced three product lines for its automotive components business, including drive systems, thermal management systems, and assisted driving systems.

"We want to be the fastest-responding supplier in the industry, keeping up with the speed of automakers," the group's vice president and president of Midea Industrial Technologies, Fu Yongjun, said at the time.

On February 16, 2022, Welling announced the start of construction of its new energy vehicle (NEV) parts production base in Anqing, Anhui province, with a total investment of about RMB 11 billion ($1.5 billion).

The project will be mainly used to produce products including power steering motors, electric compressors for NEVs and drive motors, and will be equipped with R&D centers for thermal management, main drive and assisted driving systems and national laboratories, Welling said at the time.

The project will have an annual production capacity of 60 million sets and an annual output value of RMB 40 billion after completion, according to the company.

The first phase of this Anqing NEV parts base was been put into operation in early 2023 and will be able to meet stable production and delivery demand, Midea said today.

XPeng has seen weak deliveries over the past year, as it switches its product array to new models.

The company delivered 7,506 vehicles in May, down 25.87 percent year-on-year but up 6.03 percent from April, the fourth month to see sequential growth.

XPeng began pre-sales of the new SUV G6 on June 9, and the model will be officially launched on June 29, with deliveries starting in July.

($1 = RMB 7.1767)

XPeng CEO sees China EV landscape far from set

The post XPeng signs partnership deal with home appliance giant Midea's auto parts unit appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China NEV insurance registrations for week ending Jun 18: Tesla 14,500, Li Auto 7,800, NIO 2,000

Correction: Fixed the error in the last table.

was 2,000 units last week. Its sales from June 1 to June 18 were 4,800 units.

In the week of June 12 to June 18, sold 7,800 units, continuing to lead among China's new car makers, the company said today on Weibo.

As of June 18, Li Auto had sold 19,800 units this month, and the company will aim to achieve a monthly sales target of more than 30,000 this month, it said.

Li Auto didn't explain what that weekly sales tally was based on, but apparently they were insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.

Li Auto delivered 28,277 vehicles in May, up 145.97 percent year-on-year and up 10.11 percent from April, the third consecutive month to exceed the 20,000-unit mark.

Li Auto's current least expensive model, the five-seat Li L7, achieved its second consecutive month of more than 10,000 deliveries in May, the company said on June 1.

On Li Auto's Family Tech Day event on June 17, the Li L7 sold more than 1,000 units in a single day for the first time, the company's founder, chairman and CEO Li Xiang said on June 18.

(NASDAQ: TSLA) sold 14,500 units in the week of June 12 to June 18, lower than the 16,400 units sold in the previous week, according to figures shared by Li Auto.

From June 1 to June 18, Tesla sold 40,600 units in China, the highest number of vehicles, including internal combustion engine vehicles, for premium brands.

NIO (NYSE: NIO) was 2,000 units last week, up from 1,500 units the week before.

Between June 1 and June 18, NIO sold 4,800 units.

NIO officially launched the new ES6 on May 24 and rolled out the ET5 Touring on June 15.

The company had produced some of the vehicles in the designer-recommended configuration combinations for quick delivery prior to the launch of both models.

Deliveries of the new ES6 began on the night of the May 24 launch, and deliveries of the ET5 Touring began on June 16.

(NYSE: XPEV) was at 1,600 units last week and 3,800 units from June 1 to June 18.

The post China NEV insurance registrations for week ending Jun 18: Tesla 14,500, Li Auto 7,800, NIO 2,000 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng CEO sees China EV landscape far from set

will enter an accelerating positive feedback loop starting in the third quarter of this year and will see faster growth from the third quarter of next year to the end of 2025, XPeng's CEO said.

(Screenshot from the video of XPeng CEO He Xiaopeng's speech.)

Electric vehicle (EV) startups see ups and downs in fortunes as the industry grows rapidly in China. XPeng (NYSE: XPEV) is one of the EV makers that has been in a downward spiral over the past year, but its CEO doesn't think it's a big deal.

In a speech at the China Auto Blue Book Forum in Wuhan, central China's Hubei province, XPeng chairman and CEO He Xiaopeng argued that the landscape of China's EV industry is not yet set and that there's no need to worry too much about winning or losing in the moment.

"Whether it's joint ventures, state-owned enterprises, or private companies, including the new car makers, we see very fierce competition in the whole industry," he said.

"In fact, I don't think we need to worry too much about this competition. First of all, has anyone already got the qualification to stay at the table today?" he said.

"At least, I don't think there's a single company in China, not a single startup, that will definitively be on the table for the next one," he added.

Citing the development of China's Internet industry over the past 20 years, he said he had been thinking from 2007-2010 about which products would qualify to be part of the mobile Internet end game.

"In fact, we later found out that there was no answer to that question," he said.

None of the products had a chance of qualifying for that from 2007 to 2010, and that qualification came in 2010 and later with the emergence of big hardware and software players, he said.

XPeng has seen strong delivery growth in 2021, with deliveries reaching an all-time high of 16,000 units in December 2021.

Its deliveries have continued to be weak since the second half of last year, dropping to 5,218 units in January of this year. In the past three months, it has delivered at slightly above 7,000 units each month.

Its local counterpart (NYSE: NIO) fared a bit better last year, but also faced a similarly sluggish delivery as it switched products this year, delivering just 6,155 vehicles in May.

In contrast, (NASDAQ: LI) has maintained strong deliveries since last year, with a record 28,277 vehicles delivered in May.

It's worth noting that Li Auto's current models are all extended-range electric vehicles (EREVs), which are essentially plug-in hybrids and have a much larger market space. Both XPeng and NIO only offer battery electric vehicles, which are in a fast-growing but small market.

In his speech today, Mr. He said he could foresee a large number of hybrid models in China in the next two years, especially in the family car segment.

"Because everyone sees the success, they will follow. Because they are following, a large number of models will focus on the same place. It's a very interesting thing," he said.

He stressed that automakers should have a long-term vision. "I think in the automotive space, for everything, you have to think about the layout for ten to twenty years, it's not possible to achieve a big change in three years' time," he said.

XPeng has faced many challenges in the last year, but the positive feedback for the company will accelerate in the full year starting in the third quarter of this year, he said.

From the third quarter of next year to the end of 2025, XPeng will enter a hyper-speed positive feedback loop, he said, adding that this is based on XPeng's overall layout.

Q1 earnings: How does NIO compare to XPeng and Li Auto?

The post XPeng CEO sees China EV landscape far from set appeared first on CnEVPost.

For more articles, please visit CnEVPost.

XPeng rolls out Tesla FSD-like assisted driving feature in Beijing

City NGP feature is expected to cover dozens of additional cities within the year, said.

(Image credit: CnEVPost)

XPeng's (NYSE: XPEV) Advanced Driver Assistance System (ADAS) similar to 's FSD (Full Self-Driving) is now available in Beijing, making the company the first to launch the feature in the Chinese capital city.

The XPeng feature, called City NGP (Navigation Guided Pilot), is open in Beijing for users participating in a public test and is currently available on Beijing's ring roads and major highways, according to a press release today.

In addition to public test users, the feature will soon be available for general users of the Max version of XPeng's flagship G9 and P7i with the Xmart OS 4.3.0 system update, it said.

XPeng P5's P-version models will also be able to use the City NGP feature in Beijing after upgrading to Xmart OS 3.5.0, according to the company.

 

City NGP is an ADAS feature similar to Tesla's FSD, which allows the vehicle to perform driving tasks when it is activated and navigation destinations are set.

This includes cruising at a safe distance from the vehicle ahead, changing lanes due to navigation or vehicle overtaking decisions, handling merging and lane splitting, and going around stationary vehicles or obstacles.

On September 17, 2022, the City NGP feature became available on a pilot basis in Guangzhou, where XPeng is headquartered. One month later, XPeng officially opened the feature to all eligible P5 cars in Guangzhou on October 21.

When XPeng launched its flagship SUV, the G9, on September 21, 2022, it said the model would feature a second-generation assisted driving system called XNGP.

XNGP is a full-scenario assisted driving system, and XPeng aims to have it provide driving assistance in all scenarios including highways, city roads, internal campus roads, and parking lots.

On October 24, 2022, XPeng said at its annual Tech Day event that XNGP for G9 Max will enable support for City NGP in Guangzhou, Shenzhen and Shanghai in the first half of 2023.

On March 31 of this year, XPeng announced that XNGP achieved the first phase of capability, covering the G9 Max and P7i Max versions, to gain City NGP capability in Shanghai, Shenzhen and Guangzhou, three cities with high precision map coverage.

Phase 2 of XNGP, which XPeng will launch in the second half of 2023, will see full lane-changing, overtaking and left/right turn capabilities extended to major Chinese cities without high-precision maps, while full-scenario ADAS is planned for 2024, the company said at the time.

When the full rollout of the XNGP system is completed in 2024, it will enable full-scenario ADAS from start to stop, the company said.

Based on XNGP's ability to iterate quickly, the improved capabilities of City NGP brought by the Xmart OS 4.3.0 upgrade will allow vehicles to handle tasks including lane changes, detours and following vehicles with greater ease, XPeng said today.

(Image credit: XPeng)

City NGP under the XNGP system has powerful AI learning capabilities that will allow driving skills to improve faster and also allow it to cover more cities at a faster pace, according to XPeng.

In addition to Beijing, Shanghai, Guangzhou and Shenzhen, the City NGP feature is expected to cover dozens of additional cities within the year, XPeng said.

The latest XNGP will also bring next-generation Highway NGP capabilities that perform closer to L4 assisted driving, with almost 0 takeover in highway scenarios, the company said.

City NGP has gained the equivalent of one year of driving experience for human drivers on average each quarter since its launch in October 2022, XPeng said.

In the second half of 2023, XPeng will gradually release ADAS features for Chinese cities or urban areas without HD map coverage, it said, adding that it also plans to offer customized NGP features for daily commutes across the country.

These initiatives will cater to a wider range of driving scenarios and provide users with a more intelligent driving experience in a variety of environments, XPeng said.

XPeng is seen as one of the strongest in China in terms of assisted driving capabilities, though its local counterparts are also making rapid progress on their own.

's similar feature is called NOP (Navigate on Pilot), though it doesn't yet cover urban areas. The company began allowing owners of all its NT 2.0 platform vehicles to apply for a trial of an improved version of the system, NOP+ Beta, on February 20.

NOP+ Beta covers 95 percent of China's core highways and urban fast roads, and offers significant improvements in safety and comfort of experience in scenarios including following, lane changing and overtaking, and ramp passing, NIO said on April 10.

NOP+ will gradually switch and upgrade to BEV architecture in 2023, and the hardware capability and algorithm architecture will help NOP+ cover more road scenarios, the company said at the time.

In addition, starting in the second half of 2023, the feature will support pilot navigation to battery swap stations along highways and automatic replacement of fully charged batteries, according to NIO.

NIO's assisted driving software covering urban areas is called NAD (NIO Autonomous Driving), and the system is not yet available.

(NASDAQ: LI) unveiled its latest generation of assisted driving system, AD Max 3.0, on the first day of the Shanghai auto show on April 18. The system's all-scenario Navigation on ADAS (NOA) will kick off internal testing this quarter and will cover more than 100 cities by the end of the year, Li Auto said at the time.

XPeng says G6 gets over 25,000 orders 72 hours after pre-sale starts

The post XPeng rolls out Tesla FSD-like assisted driving feature in Beijing appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China NEV insurance registrations for week ending Jun 11: Tesla 16,400, Li Auto 8,400, NIO 1,500

This article is being updated, please refresh later for more content.

From June 1-11, sold 2,800 units and 26,000 units.

(NASDAQ: LI) continued to flex its muscles, showing strong sales last week while its two local peers, NIO (NYSE: NIO) and (NYSE: XPEV), remained weak.

For the week of June 5 to June 11, Li Auto sold a record 8,400 units, the company said today on Weibo.

That's far more than other new car-making brands and more than the second, third and fourth places on the list combined, it said, adding that Li Auto had sold 11,900 units this month as of June 11.

Li Auto continues to rank in the top five luxury brands sold in the Chinese market and is the highest-ranked Chinese brand on the list, it said.

The company has maintained its focus on premium family customers and has made a strong showing in the segment with its L series models, it said.

With the company's all-electric model and the delivery of the Li L6 next year, Li Auto is confident it will surpass one of the German luxury brands BMW, Mercedes-Benz and Audi in total sales in 2024, it said.

Li Auto did not explain on what basis that weekly sales were tallied, but apparently, they were insurance registrations. The company had suspended sharing those numbers in May, but has later resumed sharing them.

All of the models Li Auto is currently selling are extended-range electric vehicles (EREVs), essentially plug-in hybrids, including the five-seat Li L7 and the six-seat Li L9 and Li L8.

The EREV maker guided a month ago for second-quarter deliveries of between 76,000 and 81,000 units, meaning June deliveries are expected to be between 22,042 and 27,042 units, considering it delivered 25,681 and 28,277 units in April and May, respectively.

Tesla (NASDAQ: TSLA) sold 16,400 units last week, putting the June 1-11 cumulative total at 26,000, according to Li Auto. In the previous week, May 29-June 4, Tesla's figure was 14,500 units.

NIO (NYSE: NIO) had 1,500 units last week and 2,800 units this month as of June 11. Its figure for the previous week was 1,700 units.

XPeng (NYSE: XPEV) was at 1,500 units last week and 2,200 units for the month as of June 11. XPeng's figure for the previous week was 2,100 units.

was at 1,500 units last week and 2,400 units this month as of June 11. Its figure for the previous week was 2,100 units.

Leapmotor was 3,000 units last week and 4,400 units this month as of June 11. Its figure for the previous week was 3,400 units.

was at 1,900 units last week and 2,800 units this month through June 11. Its figure for the previous week was 2,900 units.

Data table: China NEV weekly insurance registrations

The post China NEV insurance registrations for week ending Jun 11: Tesla 16,400, Li Auto 8,400, NIO 1,500 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

driive.com
All about Smart and Sustainable Mobility

Archives

December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031