On January 15th, Hong Kong automotive stocks continued to decline. As of the close of noon, Xiaopeng Automobile fell 7.92%, Ideal Automobile fell 4.28%, NIO Automobile, Zero Run Automobile, and Geely Automobile fell 2.62%, 1.83%, and 1.61% respectively.
On January 12th, Tesla China announced that some of its models, Model 3 and Model Y, have reduced prices by 7500-15500 yuan.
According to sales data released by car companies, NIO Automobile delivered 160000 vehicles for the entire year of 2023, failing to meet the target of 245000 vehicles at the beginning of the year; The delivery volume of Zero Run Motors for the whole year of 2023 was 144200 units, a year-on-year increase of over 29%, but the gap with the target of 20 units set at the beginning of the year still exceeds 50000 units.