The time Guangzhou-based Xpeng took to honour its obligations to suppliers rose to 221 days last year, from 208 days in 2022, and 179 days in 2021. 03:11 Cheap EV …
Autonomous driving is currently not a priority for Chinese EV buyers, so Tesla’s FSD is unlikely to shake up the industry because local rivals have started to offer similar technologies, …
“The partnership with TrueEV in Australia is recognised as a significant step forward in our global expansion strategy,” Alex Tang, Xpeng’s general manager of international markets, said in a statement. …
Electric vehicles (EVs) are expected to reach cost parity with conventional cars by 2028, as the rapid development of battery technologies and carmakers’ efforts to cut prices boost adoption, according …
The fierce price war sweeping China’s electric vehicle (EV) market is likely to persist for years, with the impact to be felt largely by foreign carmakers which will see their …
BYD, the world’s largest electric-vehicle (EV) maker, reported a sharp fall in quarter-on-quarter profit after deliveries slumped by a third amid a bruising discount war in mainland China. Backed by …
A bruising price war in China’s automotive sector is set to escalate as electric vehicle (EV) makers intensify their bid for a bigger piece of the world’s biggest automobile market, …
Senior executives of the Shenzhen-based technology behemoth on Wednesday took the wraps off this initiative at an event in Beijing, where they touted the advantages of having its mobility solution …
Further discounts offered by carmakers in a price war in mainland China’s electric vehicle (EV) market could ensnare even the likes of top seller BYD, Goldman Sachs said. Its net …
Tesla’s job cuts in mainland China involved mainly sales staff and will not affect production at its Shanghai factory, which accounts for more than half of the carmaker’s total output, …