Concerns over a potential price war in China's electric vehicle (EV) market have intensified after premium carmakers Xpeng, Nio, and Li Auto reported weak July sales figures. Xpeng delivered 38,027 vehicles, down 5.2% month-on-month, while Li Auto's deliveries fell 1.4% from June to 30,468, marking its fourth consecutive month of decline. Nio also reported a month-on-month sales decrease. The softening demand for intelligent cars is attributed to an economic slowdown in mainland China.