Smart and Sustainable Electric Mobility
Li Auto sold 32,500 vehicles from July 1 to July 30, Nio 18,100 and Xpeng 11,600 vehicles.
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Morgan Stanley raised its price target on Nio to $18.7, on Xpeng to $25.4, and on Li Auto to $53, all keeping their ratings at Overweight.
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XPeng will not be Tier 1 supplier of smart software, but will sell the E/E architecture, smart software and hardware solution packages to V
The post Volkswagen bought XPeng G9 E/E architecture, meeting records show appeared first on CarNewsChina.com.
More on Xpeng-Volkswagen, Audi e-Tron GT hits China market, DJI reveals 'Chengxing' intelligent drive system, Li Auto clarifies on 'Ideal' trademark issue.
The post China EV Daily (July 27): More on Xpeng and Volkswagen partnership, Audi e-Tron GT launches, DJI unveils ‘Chengxing’, Li Auto addresses trademark rumors appeared first on CarNewsChina.com.
Volkswagen's deal with Xpeng could be the first of many strategic partnerships between global automakers and Chinese EV startups, Morgan Stanley said.
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It's another sign that China's auto industry is changing rapidly and becoming hyper competitive, forcing major changes at traditional OEMs, Edison Yu's team said.
The post Deutsche Bank on VW-Xpeng deal: Deep collaboration increasingly necessary in China's competitive auto market appeared first on CnEVPost.
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While Xpeng surged 26.69 percent in the US, Nio also rose 10.58 percent, Li Auto was up only a modest 3.56 percent -- why?
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While Xpeng surged 26.69 percent in the US, Nio also rose 10.58 percent, Li Auto was up only a modest 3.56 percent -- why?
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Xpeng CEO said he looks forward to working with Volkswagen to bring the best technology and products to the world. Volkswagen China CEO said the two share a common vision for the future of mobility.
The post Xpeng CEO, Volkswagen China chief explain what's behind their landmark deal appeared first on CnEVPost.
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After the completion of this investment, Volkswagen will hold 4.99% equity in Xpeng and join the board of directors.
The post Volkswagen invested 700 million USD in Xpeng and obtained 4.99% equity appeared first on CarNewsChina.com.
