Smart and Sustainable Electric Mobility
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.
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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.
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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.
Xpeng and Volkswagen will initially co-develop two B-segment BEVs sold under the Volkswagen brand in the Chinese market using Xpeng's G9 platform and ADAS software, with production expected to begin in 2026.
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At the end of 2022, Nio had 26,763 full-time employees, higher than Li Auto's 19,396 and Xpeng's 15,829.
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Between July 1 and July 23, Nio sold 12,700 vehicles, Li Auto 24,600 and Xpeng 6,100 units.
The post China EV insurance registrations for week ending Jul 23: Tesla 7,700, Li Auto 7,800, Nio 4,700, Xpeng 2,600 appeared first on CnEVPost.
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A top Chinese government meeting on Monday boosted investor optimism, with Nio and Xpeng, the laggards of the past few months, coming into more favor.
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The team has a HK$71.86 price target on Xpeng's Hong Kong-traded shares, implying an upside of 25.63 percent.
The post Pacific Securities initiates coverage on Xpeng, expects new models X9 and G7 to launch in H2 appeared first on CnEVPost.
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