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cutthroat market

Chinese EV maker Xpeng unveils capex blitz as it sees no let-up in market bloodbath

by Anas Siddiqui
Chinese EV maker Xpeng unveils capex blitz as it sees no let-up in market bloodbath

The letter goes on to say that 30 new models will be launched by the company over the next three years. Xpeng confirmed the contents of the letter. An Xpeng …

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China EVs: CATL, world’s top battery maker, plans first plant in Beijing to supply Li Auto and Xiaomi

by Anas Siddiqui
China EVs: CATL, world’s top battery maker, plans first plant in Beijing to supply Li Auto and Xiaomi

Contemporary Amperex Technology (CATL), the world’s largest electric vehicle (EV) battery manufacturer, will build its first plant in Beijing to tap the rising demand for battery-powered cars in mainland China. …

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Chinese EV builder Xpeng predicts record fourth-quarter deliveries as its discounted new models prove popular with motorists

by Anas Siddiqui
Chinese EV builder Xpeng predicts record fourth-quarter deliveries as its discounted new models prove popular with motorists

“In the third quarter of 2023, our business stepped into the initial phase of a virtuous cycle,” He Xiaopeng, co-founder and CEO of Xpeng, said in a statement after the …

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