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xpeng

China’s EV makers return to fast lane helped by government subsidies tailwind

by Anas Siddiqui
China’s EV makers return to fast lane helped by government subsidies tailwind

China’s premium electric car makers can expect a smooth road ahead of them in 2024 as both consumer demand and product margins improve, giving the assemblers a respite from a …

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Chinese EV makers Li Auto, Nio, Xpeng report sales surge as price war lures buyers but imperils profits

by Anas Siddiqui
Chinese EV makers Li Auto, Nio, Xpeng report sales surge as price war lures buyers but imperils profits

China’s top electric vehicle (EV) makers increased deliveries by up to 36 per cent month on month in May as promotional campaigns and low prices lured consumers, but analysts warned …

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Alibaba sells stake in e-commerce branding services firm Baozun for US$21.8 million as part of corporate restructuring

by Anas Siddiqui
Alibaba sells stake in e-commerce branding services firm Baozun for US.8 million as part of corporate restructuring

Hangzhou-based Alibaba, owner of the South China Morning Post, on Thursday signed a deal to sell 26.5 million Baozun shares to Champion Kerry for US$21.8 million, according to Baozun’s latest …

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Xpeng trims net loss in first quarter as deliveries, margins increase and licensing fees from VW jump

by Anas Siddiqui
Xpeng trims net loss in first quarter as deliveries, margins increase and licensing fees from VW jump

Chinese electric vehicle (EV) maker Xpeng said losses narrowed last quarter on higher sales while margins improved, delivering a better report card than predicted by stock analysts. It also received …

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Chinese EV makers delay payments to vendors as they feel the heat from slowing sales, price cuts

by Anas Siddiqui
Chinese EV makers delay payments to vendors as they feel the heat from slowing sales, price cuts

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 …

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Exclusive | China’s Xpeng sees licensing of cutting-edge driving and EV technologies as new revenue streams

by Anas Siddiqui
Exclusive | China’s Xpeng sees licensing of cutting-edge driving and EV technologies as new revenue streams

Chinese smart electric-vehicle (EV) maker Xpeng will offer its autonomous driving and EV technologies to other carmakers, allowing the company to generate a new stream of revenue, further its research …

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China’s Xpeng officially enters Hong Kong following tie-up with car distributor Sime Darby

by Anas Siddiqui
China’s Xpeng officially enters Hong Kong following tie-up with car distributor Sime Darby

“We are committed to providing the best products and first-rate customer services that meet the aspiration of Hong Kong consumers,” said James Wu, vice-president of finance and accounting at Xpeng. …

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Tesla Cybertruck Is Already The Second Most Popular Electric Truck On The Market

by Horatio Thompson
Tesla Cybertruck Is Already The Second Most Popular Electric Truck On The Market

Good morning! It’s Thursday, May 16, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are …

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Chinese EV maker Xpeng launches SUVs in France as European expansion gains pace

by Anas Siddiqui
Chinese EV maker Xpeng launches SUVs in France as European expansion gains pace

“We are proud to highlight Xpeng’s power of technological innovation, through which we are paving the way for a new era in smart mobility, which we hope will be inclusive …

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Nio targets mass-market Chinese buyers with affordable Onvo brand, takes on Tesla Model Y

by Anas Siddiqui
Nio targets mass-market Chinese buyers with affordable Onvo brand, takes on Tesla Model Y

Nio has launched a new electric vehicle (EV) brand targeted at China’s cost-conscious middle-income consumers amid fierce competition in the world’s largest EV market. The Shanghai-based carmaker said the L60 …

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