This week in EVs: Chinese brands deliver in 4Q
From Investing.com:
Summary
The electric vehicle (EV) space saw major headlines last week as Chinese EV brands released 4Q delivery data, GM will cover lost tax credits, and Fisker struck a deal with dealerships. Xpeng, Nio, Li Auto, and Tesla reported impressive figures, while GM offers incentives and Fisker pursues a new market strategy.
China EVs deliver in 4Q
Chinese electric vehicle brands reported impressive 4Q delivery figures, with Xpeng delivering 20,115 vehicles and Nio achieving 18,012 vehicle deliveries. Meanwhile, Li Auto delivered 50,353 vehicles and Leapmotor reached 18,600 vehicles. Lastly, Tesla sold 94,139 China-made electric vehicles in December and reached a record-breaking 484,507 global deliveries in 4Q.
GM foots the bill
General Motors will offer $7,500 in incentives on its electric vehicles, covering lost U.S. government tax credits due to new sourcing guidelines. Ford will also increase prices on its entry-level F-150 EVs by $5,000 to $10,000, though select premium models will see price reductions of up to $7,000.
Fisker’s deals with dealerships
Fisker Inc announced plans to create a unique Dealer Partnership model in North America, combining direct sales and dealer arrangements. CEO Henrik Fisker aims for as many as 50 dealer partners in the US and Canada during 2024, with a similar number in Europe. The company’s goal is to boost sales, delivery, and test drive network through this strategy.
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