Led by BYD Co., Chinese carmakers will almost double their share of the auto market to 33% by the end of the decade, UBS analysts including Patrick Hummel and Paul Gong wrote in an Aug. 31 report.
Chinese EV start-up Nio predicts its deliveries will soar by as much as 80 per cent as it reported a net loss for the second quarter that had widened by 27.8 per cent on the year to 6.1 billion yuan (US$836 million).
The growth of China's auto market has slowed, but is expected to regain momentum after a slew of favorable policies and financial stimulus measures has recently been unveiled by authorities, said experts and analysts.
XPeng Inc. (NYSE:XPEV) Q2 2023 Earnings Call Transcript August 18, 2023 Operator: Hello, ladies and gentlemen. Thank you for standing by for the Second Quarter 2023 Earnings Conference Call for XPeng Inc. At this time, all participants are in listen-only mode. After management’s remarks, there will be a question-and-answer session. Today’s conference call is being […]