$NIO-SW(09866)$ What a vast contrast between Nio nad XPeng. Onvo delay the production due to unable to get the batteries from BYD on time and looking for CATL to supply the shortage. XPeng P7 + is better luck with the supplier willing to start another new battery line to cater for XPeng extraordinary high demand on P7+. [Cry]
Due to the model's sales exceeding expectations, Eve Energy added one battery cell production line for the P7+ one month after the model's launch, according to the blogger.
The battery maker may add two additional battery cell lines for the P7+ next month to support production and delivery of the model, the blogger said, citing Eve Energy's management.
Xpeng launched the P7+ on November 7, with the mid-to-large-size sedan starting at RMB 186,800 ($25,590).
The company announced on November 8 that the P7+ received 31,528 orders with non-refundable deposits in the first three hours of its official launch.
Volume deliveries of the model started on November 11 and Xpeng said on December 11 that cumulative deliveries of the sedan crossed 10,000 units.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.