The Volkswagen Group is bolstering its foothold in the Chinese automotive market through strategic partnerships with Xpeng and SAIC. The move is part of the Group’s local electrification strategy, aiming to tap into new customer and market segments in China’s rapidly growing e-mobility market. Volkswagen has inked a technological framework agreement with Xpeng. The initial […]
Chinese electric vehicle (EV) manufacturer XPeng has reported a significant drop in sales for the first quarter of 2023. The company’s revenue for the quarter was RMB 4.03 billion ($590 million), marking a staggering 45.9% decrease compared to the same period last year, and a 21.5% sequential decrease from Q4 2022. The company’s net loss […]
NIO on Saturday announced third-quarter deliveries of 31,607 electric vehicles (EVs), marking a 29.3% increase year-over-year and a new quarterly record for the Chinese automaker. The company delivered 10,878 vehicles in September alone. NIO’s September deliveries consisted of 7,729 premium smart electric SUVs — which included 1,895 ES7s — and 3,149 premium smart electric sedans […]
Chinese electric vehicle (EV) maker NIO on Sunday announced delivery numbers for the month of April, along with rivals Li Auto and Xpeng. NIO delivered a total of 5,074 EVs in April 2022, bringing the automaker’s year-to-date total for deliveries in 2022 up to 30,842 — a year-over-year increase of 13.5%. NIO delivered 25,768 cars […]
Chinese electric vehicle (EV) maker XPeng Motors on Thursday said it fronted the bulk of the investment into Rockets Capital, a $200 million USD fund that will back players in the electric vehicle (EV) industry and “frontier technology areas” — reports CNBC. Rockets Capital will focus on “venture and growth stage investments in Smart EV […]
In Q4, Norges Bank, the central bank of Norway, boosted its positions in both NIO and Li Auto, while trimming shares in Xpeng Motors, according to a 13F filing with the U.S. Securities and Exchange Commission (SEC), reports CNEVPost. The bank increased shares in NIO by 31 percent and Li Auto by 990 percent, while […]
NIO on Saturday announced that it delivered a total of 10,489 vehicles during December 2021, up 49.7% year-over-year (YoY) from December 2020. “The deliveries consisted of 2,782 ES8s, the Company’s six- or seven-seater flagship premium smart electric SUV, 4,939 ES6s, the Company’s five-seater high-performance premium smart electric SUV, and 2,768 EC6s, the Company’s five-seater premium […]
As competition amongst electric vehicle (EV) companies continues to increase in the world’s largest auto market, Warren Buffett-backed BYD is seeing its sales grow. BYD sales tripled year over year in China in October, alongside the likes of Xpeng Motors which also saw its October sales triple year over year, according to Investors. Li Auto […]
With a range of electric vehicle (EV) options recently becoming available to buyers in China – like BYD, NIO, Xpeng Motors, Wuling HongGuang, and others – some are electing to buy local, instead of imported options like Tesla. According to qualitative research collected by CNBC, Chinese EV buyers considered factors like price competitiveness, driving range […]
We’ve been reporting on Tesla’s Full Self-Driving (FSD) since it entered a public beta stage last fall. But now, a new competitor has entered the autonomous driving ring, in what is the world’s largest auto market. China-based Xpeng Motors began rolling out over the air updates on Tuesday, including a limited beta version of the […]
Chinese electric vehicle (EV) company Xpeng, has officially unveiled the beta version of its NGP (Navigation Guided Pilot) highway autonomous driving solution. The NGP was tested with over 100 journalists in road tests this week in Guangzhou, China, and said it plans to launch its NGP to its XPeng P7 customers in the country “in the […]
Chinese smart electric vehicle (EV) maker Xpeng Inc. has announced a partnership with LiDAR technology producer Livox to bring state of the art, automotive-grade LiDAR solutions to its 2021 production model. New year: New solutions. Xpeng is deploying lidar tech in its 2021 production model. Greater perception fusion with greater safety for you! #ElectricVehicles #Lidar […]
Tesla CEO Elon Musk has publicly acknowledged Chinese electric vehicle (EV) maker Xpeng has a copy of the company’s Autopilot source code—but an old version to boot. Last year, Guangzhi Cao, a former Tesla engineer at Tesla, admitted in a court filing he uploaded Autopilot source code (over 300,000 files and directories) to his Apple iCloud […]
Tesla’s so-called Chinese rival, Xpeng Motors, has raised an additional $400 million ahead of its initial public offering in the United States. Other companies like Alibaba and the Qatar Investment Authority have contributed to this according to two unnamed sources, reports CNBC. Abu Dhabi’s sovereign wealth fund Mubadala has also reportedly taken part. When you […]
