China's electric vehicle manufacturer Xpeng published its first quarter earnings results on Tuesday reporting a 49.8 percent crash in total revenues quarter over quarter to 6.55 billion RMB.
U.S. Treasury Secretary Janet Yellen has called on the European Union to collaborate with the United States in addressing the surge of Chinese green-tech exports, warning that the influx threatens global manufacturing sectors.
Magna Steyr, the automotive contract manufacturer, is actively exploring potential collaborations with Chinese OEMs to manufacture their vehicles in Europe. Magna has manufactured more than four million vehicles, including 34 different models from 11 automakers.
The shares of the Chinese EV makers Nio and Xpeng closed higher on Tuesday despite the confirmation of the huge increase in China-made energy goods including electric vehicles.
The shares of the Chinese EV makers Nio and Xpeng closed higher on Tuesday despite the confirmation of the huge increase in China-made energy goods including electric vehicles.
Saturday witnessed an intriguing moment in the automotive industry, particularly for Western brands. Xpeng's CEO He Xiaopeng, in which Volkswagen holds a 4.99 percent stake, visited Hefei, where both the German automaker and its upcoming competitor Nio have production plants.
Dan Ives, Managing Director of Wedbush Securities and Senior Equity Analyst, said on Friday that China EV makers will "aggressively go after Europe" as Biden administrations prepares to increase tariffs from 25 to 100 percent next week.
China EV manufacturer Xpeng started on Thursday accepting orders for its entry level SUV G6. The electric coupe SUV from the Guangzhou-headquartered company starts at €42,990 ($46,000) and will be available to view in showrooms in the summer.
China's manufacturer Xpeng delivered 9,393 vehicles in April, of which 1,959 were Xpeng's recently launched fully electric MPV X9. The April figures represent a 33 percent increase year-on-year and a sequential growth of 4 percent.
On Tuesday, the weekly car insurance figures for China from April 22 to 28 were published, showing a notable surge for most automakers compared to the previous week.
The chief executive of Xpeng, He Xiaopeng, reacted on Weibo to the recent developments of Tesla's advanced assisted driving software in China. Xiaopeng predicts that the new decade will be focused on smart cars adding that Tesla has "very good autonomous driving technology".
China's weekly car insurance data for the period of April 15 to 21 was released on Tuesday, revealing that passenger car sales soared to 354,000 units. New energy vehicles (NEVs) maintained their 47% market share, consistent with the previous week, with a total of 159,000 units sold.
According to the latest new energy sales (NEV) sector, issued this Tuesday, Li Auto, known for its fully electric model Li Mega and four hybrids, secured 6,000 units, matching Tesla's performance.
China's electric vehicle (EV) maker Xpeng announced on Saturday through its Weibo account the initiation of a temporary car purchase subsidy amounting to 500 million yuan ($70.4 million), accessible until May 5, 2024. This subsidy encompasses four models: Xpeng G9, G6, P7i, and the 2024 Xpeng P5.
In March, the European Union's car market faced its first monthly decline of the year, marking a 5.2% drop to 1 million units — the European Automobile Manufacturers' Association (ACEA) numbers unveiled on Thursday.
A couple days after announcing the expansion to Spain and Portugal, the Chinese EV brand Xpeng revelead on Wednesday that signed a dealer partnership with Sime Darby Motors in Hong Kong and with Xin Kang Heng Holding in Macau.
According to the latest new energy sales (NEV) sector, issued this Tuesday, Li Auto, known for its fully electric model Li Mega and four hybrids, secured 6,000 units, matching Tesla's performance.
A couple days after announcing the expansion to Spain and Portugal, the Chinese EV brand Xpeng revelead on Wednesday that signed a dealer partnership with Sime Darby Motors in Hong Kong and with Xin Kang Heng Holding in Macau.
According to the latest new energy sales (NEV) sector, issued this Tuesday, Li Auto, known for its fully electric model Li Mega and four hybrids, secured 6,000 units, matching Tesla's performance.
Macquarie Analyst issued a new research note on Monday resuming the firm's coverage on Nio and Xpeng shares with a Neutral Rating. Macquarie set a $5 price target on Nio stock and $7 on the shares of the Guanghzou-based manufacturer Xpeng.
Xpeng, the Chinese electric vehicle (EV) manufacturer, is set to commence deliveries of its smallest SUV, the G6, across Europe, with high expectations riding on its performance.
A couple days after announcing the expansion to Spain and Portugal, the Chinese EV brand Xpeng revelead on Wednesday that signed a dealer partnership with Sime Darby Motors in Hong Kong and with Xin Kang Heng Holding in Macau.
On Tuesday, the electric vehicle manufacturer XPeng released a new video depicting the shipment of 1,000 G9 SUVs from the port in Shanghai to Europe, ahead of the commencement of sales.
In the latest update from the automotive sector, revealed this Tuesday, BYD led the ranking with over 45 thousand units registered in China. The week was marked by the Qingming Festival in the country, a three-day holiday occurring every early April.
The Guangzhou-based EV manufacturer XPeng inked on Monday an agreement with Salvador Caetano Group for importation and distribution in Spain and Portugal.
The Guangzhou-based EV manufacturer XPeng announced on Wednesday that its coupe SUV G6 will soon be available in all its European markets with the deliveries starting in the third quarter.
The People's Bank of China (PBOC) and the financial regulator issued a notice on Wednesday, adjusting the relevant policies for car loans in the country.
