April 5, 2022: -Chinese electric vehicle start-ups Nio, Xpeng, and Li Auto delivered more cars in March than in February, even as they faced several challenges in the last few weeks.
Chinese electric carmakers grapple with a rise in Covid cases in China, which threatens to disrupt production and deliveries while raw material costs continue to increase. That’s forced a few auto companies in China, from Tesla to Xpeng and Li Auto, to hike the prices of their cars.
The share prices of the three companies, Nio, Xpeng, and Li Auto, were sharply higher in U.S. pre-market trade. Of the three, Xpeng is delivering the most electric cars in March. The Guangzhou-headquartered automaker said it had 15,414 vehicles in March, up 148% from February. Xpeng delivered 34,561 cars for the first quarter, increasing 159% yearly.
Xpeng’s P7 flagship sedan is exceeding 9,000 deliveries, a monthly record. “The company attributes its robust Q1 delivery results to growing brand awareness and higher demand for its Smart EV products and accelerated delivery of its large order backlog from 2021 and recent orders received in 2022 after it completed technology upgrades for its Zhaoqing plant in February,” an Xpeng spokesperson told CNBC.
Zhaoqing in south China is Xpeng’s main production facility. Chinese electric vehicle start-up Li Auto reported a rebound in deliveries of its cars in February. Still, it said production had been affected because of a resurgence of Covid cases in China.
U.S.- and Hong Kong-listed Li Auto delivered 11,034 of its Li-One sports utility vehicle (SUV), up 31% from February. Li Auto said it had returned 31,716 cars for the first quarter, increasing 152.1% year on year.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
September 26, 2023: On Monday, Japanese automaker Nissan revealed its dedication to transitioning to completely electric …
In an industry as competitive and fast-paced as Consumer Packaged Goods (CPG), standing out from the crowd requires innovation and adaptability. The cracks in the CPG supply chain were exposed long before the global pandemic struck, but the events of the past year only exacerbated the weaknesses.
Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.
Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.
Ensuring the right products are in the right place and at the right time is critical for companies also dealing with supply chain constraints and a high degree of variability. Uncertainty has become the name of the game and the only way to effectively optimize inventory through continuous, data-driven assessments, planning, and decision-making.
Food Huggers, a consumer brand that designs products to reduce waste at home, may be in an enviable position now but before they found Extensiv Order Manager, managing booming orders and staying on top of inventory was a huge operational challenge. The business has inventory spread across multiple geographically distributed warehouses, with orders received via multiple sales channels, including Shopify storefronts and Amazon.