Xpeng

He Xiaopeng, the cofounder of XPeng (NYSE:XPEV), has revealed that the sales of new electric vehicles (EVs) equipped with advanced “hands-off” driver assist features have seen a significant surge in China over the past decade, outperforming Western markets. What Happened: During...

In a significant move, Chinese electric vehicle (EV) maker Xpeng Inc (NYSE:XPEV) and German auto giant Volkswagen AG (OTC:VWAGY) have announced a partnership to expedite the development of a new EV architecture. What Happened: As per a Reuters report on Sunday, Xpeng and Volkswagen have set up...

Chinese EV maker Xpeng Inc. (NYSE:XPEV) on Thursday offered rival company’s CEO Elon Musk a test driver of its advanced driver assistance system on his next trip to China. The offer came on the heels of XPeng CEO He Xiaopeng testing Tesla Inc.’s (NASDAQ:TSLA) full self-driving (FSD)...

New staffing adjustments are reportedly underway within XPeng Inc.‘s (NYSE:XPEV) sales team, signaling challenges in the company’s shift to a more dealer-dependent model. Gu Yuanqin, former XPeng vice president of financial platform operations and management, has assumed the role of...

In a groundbreaking development for urban air mobility, XPeng AeroHT, a subsidiary of XPeng Inc. (NYSE:XPEV), has successfully conducted a low-altitude flight of its AeroHT Voyager X2 in a bustling city environment. What Happened: On Friday, XPENG AEROHT announced that the AeroHT Voyager X2, a...

To expand its international footprint, Tesla’s Chinese rival XPeng Inc. (NYSE:XPEV) has established a long-term strategic partnership with Ali & Sons, a prominent automotive dealership group in the United Arab Emirates (UAE). What Happened: The partnership will see XPeng, a leading...

Xpeng Inc. (NYSE:XPEV) is gearing up for significant expansions amid a “bloody sea” of competition in the Chinese electric vehicle (EV) market. What Happened: On Sunday, Xpeng announced plans to hire 4,000 employees in 2024, representing a 25% increase in its workforce, Reuters reported...

Amid efforts to expand the Hang Seng Index, Hong Kong’s stock benchmark, Prada (OTC:PRDSY), XPeng (NYSE:XPEV), and BeiGene (NASDAQ:BGNE) are anticipated to be included. The potential addition of foreign companies may signal a significant shift in the global market and boost the city’s...

In an attempt to drive up sales, Xpeng Inc. (NYSE:XPEV) has announced a limited-time price reduction for its G6 SUV, effective from Dec.18. This move follows a similar price cut for the P7i sedan earlier in the month. What Happened: Xpeng communicated through its social media channels that...

The Hong Kong stock market experienced a downturn driven by worries about the Chinese economic recovery. Electric vehicle (EV) maker Xpeng Inc. (NYSE:XPEV) bore the brunt of the losses following the Alibaba Group (NYSE:BABA) announcement to sell off a substantial portion of its shares in the...

U.S. stocks ended Wednesday mixed with the Nasdaq Composite closing 0.12% lower at 14,127.28. The Dow closed up 0.23% to 35,520.12. The S&P 500 ended the day in the red lower by 0.02% at 4,566.75. The Federal Reserve raised interest rates on Wednesday to 5.5%, the highest since early 2001. The...

In a significant shift in China’s electric vehicle (EV) market, traditional automakers are being outpaced by local EV manufacturers, The Wall Street Journal reports. Li Auto (NASDAQ:LI), a Chinese EV manufacturer, has emerged as a standout player in the market. The company delivered nearly 87...

Chinese electric vehicle startups Nio, Inc. (NYSE: NIO), XPeng, Inc. (NYSE: XPEV) and Li Auto, Inc. (NASDAQ: LI) reported deliveries for March and the first quarter on Saturday. March Deliveries: Beijing-based Li Auto’s tally for March was the highest at 20,823 units, marking the second time...

Earlier this month Tesla Inc (NASDAQ: TSLA) reported record deliveries for the third quarter. New data out of China now shows more than half of the electric vehicle giant's deliveries for the quarter were rolled out of the Giga Shangahi production line. Giga Shanghai...

Automobile stocks bounced back from the COVID-19 pandemic-induced sales slowdown fairly well in the second half of 2020 only to be caught unaware by the global semiconductor shortage. Despite the sales hit from the chip crunch and the resulting capacity idling, shares of most legacy...