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Xiaopeng was a leading smart electric vehicle company in China, founded in 2014. The company's headquarters were located in Guangzhou and was founded by He Xiaopeng, Xia Heng, He Tao, and others. Xiaopeng Car was featured by "intelligence" and "cost-performance ratio", and launched a variety of models, including G3, P7, P5, etc. The company had a team of Internet technology professionals and people in the auto industry, as well as members from well-known vehicle and large parts companies and well-known Internet technology companies. Xiaopeng pays attention to scientific and technological innovation, and has self-developed intelligent driving, intelligent manufacturing, intelligent driving assistance system, intelligent travel ecology and other diverse products and core capabilities. It was estimated that by 2025, the total delivery of Xiaopeng would reach 550,000 units. On August 27,2020, Xiaopeng Cars was listed on the New York stock exchange with the stock code "XHEV". In addition, Xiaopeng also reached a cooperation with Volkswagen Group of Germany and planned to jointly develop electric vehicles, which were expected to be launched in 2026.

Hunan Liebao Car Co., Ltd. was a comprehensive car manufacturer that integrated the research and development, manufacturing, sales and service of complete vehicles and parts. It belonged to Changfeng Group and was based in Changsha, Hunan Province. It had three vehicle manufacturing bases: Yongzhou, Hunan Province, Jingmen, Hubei Province, and Chuzhou, Hubei Province. Liebao had an annual production capacity of 150,000 light off-road vehicles, SUVs, and 50,000 pickup trucks. Liebao formed a strategic layout of "2341", namely two R & D centers (Beijing Research Institute and Changsha Engineering Institute), three core component companies (Changfeng Power, Hengyang Fengshun Bridge and Zhongde Transmission), four vehicle production bases (Hunan Yongzhou, Hunan Changsha, Hunan Chuzhou and Hubei Jingmen) and one headquarters (Hunan Changsha). Liebao was a well-known trademark in China, with a high reputation and good market reputation.

The annual car sales ranking for 2023 was as follows: 1. SAic Group: Sales volume of 5,020,900 vehicles. 2. Byd Holdings: Sales of 3,024,400 units. 3. Chang 'an Car Group: Sales exceeded 2.55 million. The car sales rankings for December 2023 were as follows: 1. Shanghai Electric Corporation: 637,000 units sold. 2. Byd: 341,000 units sold. The sales ranking of China's auto market in 2022 is as follows: 1. SAic Group: Sales of 5,302,600 vehicles. 2. China's First Steam, Dongfeng, Guangzhou, Changan, Geely Holding, Byd, Beiqi, Chery Holding, Great Wall, and Jiangqi were also in the top ten. The sales ranking of car brands in January 2023 was as follows: 1. [Byd: 11.83%.] 2. Volkswagen and Toyota ranked second and third. In summary, the top three car sales in 2023 were SAic, Byd, and Changan.

Changan's shares rose by 2.04%. The specific stock prices were 16.02 yuan/share, 17.04 yuan/share, 14.99 yuan/share, 15.01 yuan/share, 14.99 yuan/share, 16.81 yuan/share, and 15.09 yuan/share. The data showed the fluctuation of Changan's stock price, but it did not provide more specific background or reasons for the rise.

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