Established truck makers are also getting into electrification, so what makes the Tesla Semi special?
Category: eMobility
Judges Dismisses Lawsuit Againt Tesla’s Elon Musk Over Twitter Purchase
Tesla CEO Elon Musk was sued in a class-action lawsuit due to his purchase of Twitter and how it may have impacted shareholders.
Will Tesla’s 4680 Battery Cell Delays Impact Cybertruck Production?
The Cybertruck is due to arrive soon, but there still seem to be some loose ends.
Hyena’s New E-Road Air Is A Compact Drive System For Lightweight Road Bikes
This lightweight e-bike system tips the scales at no more than 3.2 kilograms – battery, motor, and controller included.
Xpeng released its financial report for Q1 2023, and revenue was down 49.1% to $577 million
2023 Q1 Xpeng car sales fell by about half compared to last year, with an average loss of more than $14,000 per car.
The post Xpeng released its financial report for Q1 2023, and revenue was down 49.1% to $577 million appeared first on CarNewsChina.com.
Nio launched the 2023 ES6 SUV, for 52,200 USD. 150 kWh semi-solid battery version available in July
The price is cheaper then previous generation.
The post Nio launched the 2023 ES6 SUV, for 52,200 USD. 150 kWh semi-solid battery version available in July appeared first on CarNewsChina.com.
BMW Design Boss: Why Do EVs Need To Look Different?
Head of BMW Brand Design Domagoj Dukec doesn’t understand automakers adopting EV-specific design language.
2024 BMW i5 Debuts With 295-Mile Range, $67,795 Base Price
The first-ever battery-electric BMW 5 Series shares the CLAR platform with internal combustion engine variants.
Ford CEO: We’re not going to go to 600-mile range on EVs
Ford is taking batteries very seriously, and it’s not going to spend more on them than it needs to. What that means, Ford product development chief and CTO Doug Field explained at the company's Capital Markets Day earlier this week, is redesigning next-generation EVs around weight savings, reduced complexity, lower rolling resistance, the... XPeng Q1 earnings: Deutsche Bank’s first look
"XPeng delivered even softer 1Q23 results than we previewed, accompanied by a muted 2Q outlook," Edison Yu's team said.
XPeng (NYSE: XPEV) reported weaker-than-expected first-quarter earnings today, and as usual, Deutsche Bank analyst Edison Yu's team provided their first look.
Here is the research note the team sent to investors today.
1Q23 Earnings First Look
XPeng delivered even softer 1Q23 results than we previewed, accompanied by a muted 2Q outlook.
Volume for 1Q was already reported at 18,230 units, leading to revenue of 4.03bn RMB, essentially in line with our 4.04bn estimate; vehicle pricing was slightly lower, offset by "Services and other."
Total gross margin declined 700bps QoQ to just 1.7%, missing our 5.0% estimate (consensus 6.1%), driven by lower vehicle margin (-2.5% vs. our 0.4% due to aggressive price cuts/promotions).
Opex of 2,654m came in below our model as higher R&D was offset by lower SG&A.
All together, EPS of (2.57) came in about in line with our (2.52) forecast.
Management provided a muted 2Q23 outlook, calling for 21,000-22,000 deliveries, vs. our 24,000 forecast, translating into 4.5-4.7bn RMB in revenue (vs. our 5.6bn).
This implies May/June seeing little to no MoM improvement as April garnered 7,079 units and pricing/mix facing further pressure (G9 demand still struggling and P7i constrained by component supply).
On the earnings call, we will look for further commentary on the exact timing of G6 deliveries (SOP seemingly has already begun), pricing, and volume expectations.
XPeng Q1 earnings miss expectations, gross margin falls to 1.7%
The post XPeng Q1 earnings: Deutsche Bank's first look appeared first on CnEVPost.
For more articles, please visit CnEVPost.
