Daily Archive: December 21, 2022

XPeng sets up another battery-related subsidiary after denying its own R&D plans

The company, which has a registered capital of 5 billion yuan ($718 million), has a range of operations including battery manufacturing, battery sales, battery parts production, motor manufacturing and R&D.

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Auto Execs Go Bearish On EVs (Again)

Auto execs were super bearish on electric vehicles (EVs) for years. They said there was very little demand for electric vehicles and EVs would remain niche (like 2% or 3% of the market niche). This argument was made countless times in countless venues even up through the point when Tesla unveiled the Model 3 and […]