The two companies have entered into a joint sourcing program for common components for the vehicles and platforms used by both companies.
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Bloomberg reported that Apple is canceling its decade-long EV-making effort. CEOs of EV makers including Xpeng, Li Auto, Xiaomi, and Jiyue have expressed their views.
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Between February 1-25, Nio was 5,100, Xpeng 3,000, Li Auto 16,200, BYD 81,000 and Tesla 24,300.
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Li Auto already reported its fourth-quarter earnings earlier today, while Nio will report its earnings on March 5.
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Things are looking up for Xpeng Motors in the Middle East
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Xpeng established dealer partnerships in the UAE, Egypt, Azerbaijan, Jordan and Lebanon, with plans to expand to other European markets including Germany, the UK, Italy and France this year.
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Insurance registrations for major EV makers in China have dropped significantly over the past two weeks as people celebrate the traditional Chinese New Year holiday.
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Wang has restructured Xpeng's overseas business team, adding the Middle East as a key market and will invest more resources, according to local media.
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Xpeng's two new platforms will see the launch of their respective first models in 2024, complementing the company's lineup in the RMB 100,000 to RMB 400,000 price range.
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Earlier this week local media reported that Xpeng will launch a sedan codenamed F57 later this year, which will be a notch above the company's current flagship sedan, the P7 series.
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