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Xpeng predicts it will deliver fewer electric cars than Nio in the first quarter

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Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show.

Evelyn Cheng | CNBC

BEIJING — Chinese electric car maker Xpeng forecast it will deliver far fewer cars than rival start-up Nio in the first three months of the year.

New York-listed Xpeng announced overnight it would likely deliver around 12,500 vehicles in the first quarter. That implies deliveries of 4,250 cars for March, based on January’s 6,015 figure and drop to 2,223 in February.

Even considering the week-long Lunar New Year holiday in mid-February, those figures fall short of Nio’s.

Last week, Nio forecast deliveries of 20,000 to 25,000 vehicles in the first…



Source cnbc.com

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