Smart and Sustainable Electric Mobility
XPeng is expected to launch facelifted versions of three existing models, the P7, G3 and P5, as well as two new models, including a coupe SUV and an MPV.
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In the meantime, ARKQ has also sold its shares of XPeng three times this month and now holds about $3.77 million worth of the company's stock.
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On January 25, Xpeng announced on its social media that it would launch two new EVs in Europe on February 3. Xpeng entered Norway in 2020 and currently sells G3i SUV and P7 sedan. Also, at the beginning of 2022, Xpeng entered the EU through the Netherlands and Sweden, where it now offers a P7 […]
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By fighting for volume, XPeng's gross margins will take a hit as costs are not materially lower, Edison Yu's team said.
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XPeng aims to see sales of 1.2 million by 2027 and reach about 30 percent share of the fully autonomous vehicle market.
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The move is a normal price adjustment for XPeng as its vehicle production costs have fallen, a spokesperson told CnEVPost.
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The delivery centers set to be opened in H1 2023 will aid swift delivery of Xpeng's latest models in Europe.
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Ms. Wang Fengying, who is rumored to be the new CEO of XPeng, had worked at Great Wall Motor for more than 30 years and has seen the rise of the auto giant.
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XPeng has signed strategic partnership agreements with two mobility services companies and completed the first deliveries of XPeng P7 vehicles under the cooperation.
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By the close of trading, XPeng was down 6.82 percent in Hong Kong, Li Auto was down 6.55 percent and NIO was down 4.03 percent.
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