China-based Xpeng Motors was called one of Tesla’s best rivals for global market share by JP Morgan, and according to a new update, the company has announced major offerings into its growing electric vehicle (EV) business. On Thursday, Xpeng Motors said it plans to offer 85 million Class A shares of the company, which will […]
According to the South China Morning Post, NIO and Xpeng Motors are building online communities for users to earn credit towards specific branded products, with the former company now having sold over 3 million products through its app. In addition, Tesla has already cultivated a loyal following of the company and CEO Elon Musk, which […]
A global semiconductor chip shortage affected NIO, along with a slew of other China-based electric vehicle (EV) manufacturers and others around the world. According to Investors Daily, Chinese automakers NIO, Xpeng Motors, and Li Auto, all saw triple-digit sales growth in this year’s first quarter, despite production being slowed significantly due to an inability to […]
One JPMorgan Asset Management Manager said Monday that China-based electric vehicle (EV) companies NIO and Xpeng Motors are best slated to rival EV giant Tesla in terms of global market share, as reported by the South China Morning Post. While the companies may take years to become profitable, they’re still considered the best bets in […]
China-based automaker Xpeng Motors launched the P5 sedan on Wednesday, an electric vehicle (EV) sporting self-driving features, according to CNBC. The P5 is Xpeng’s third production model and is expected to be a direct competitor with Tesla’s Model 3 sedan. Xpeng’s P5 is equipped with LiDAR technology, a laser-based road sensing system that will allow […]
Electric vehicles (EVs) are increasing in popularity around the world, though they’re growing particularly popular and competitive in China, the world’s largest auto market. Chinese automakers NIO and Xpeng each saw record-breaking EV sales in the first quarter of the year, as deliveries increased five-fold compared to Q1 2020, according to South China Morning Post. […]
Tesla’s performance in China, the world’s largest auto market, depicts a growing trend towards electric vehicles (EVs), though a new decision made by the Chinese government limits access for state and military personnel to use Tesla’s cars. China has cited national security concerns in a decision to prohibit military and state personnel from the use […]
After an impressive start to the year, Xpeng Motors saw a dip in sales following major price cuts to the rival Tesla’s Model Y SUV. However, the Chinese company still has a lot going for it, including the support of its own government in the world’s largest auto market. Xpeng Motors was awarded 500 million […]
Xpeng Motors and other China-based electric automakers are keeping up with Tesla and seeing impressive sales numbers, as the electric vehicle (EV) market just begins taking off. As reported by South China Morning Post, sales of Xpeng’s G7 SUV, a direct competitor to the Tesla Model Y, soared by 345% between October and December of […]
Xpeng Motors, an electric vehicle (EV) company considered one of Tesla’s top Chinese competitors, now plans to offer a fast-charging lithium iron phosphate (LFP) in its P7 sedan as soon as May, according to reports from the South China Morning Post. The option will be featured as an alternative to the company’s normal use of […]
China’s auto market is not only the largest in the world, but it’s also becoming the largest electric vehicle (EV) market specifically. With companies like Xpeng Motors and Nio seeing major sales increases, other startups like Li Auto are expecting their shot soon too. In January, Nio’s sales increased 352%, while Xpeng Motors saw an […]
It’s an exciting time in the world of electric vehicles (EVs), and with Tesla’s Battery Day less than a month away, many are wondering if the world is about to witness history. Xpeng Motors Vice Chairman and President Brian Gu, is waiting to see if Tesla will reveal its “million-mile” battery on battery day in […]
As the market for electric cars continues to grow, Tesla isn’t the only one shooting for a zero emissions world. Xpeng Motors has announced a filing for an initial public offering (IPO) in the New York Stock Exchange, according to CNBC. The Chinese Electric Vehicle (EV) startup says it plans to sell 429,846,136 class B […]
