Tag: $Xpeng

XPeng shares slipped in U.S. premarket trading Monday after the Chinese EV maker reported second-quarter results that missed analyst expectations on both revenue and earnings. Alongside the latest results, the company also disclosed a major new funding round for its robotics business.

In 1984, Volkswagen partnered with a Chinese automaker because it was required by Chinese law.

Chinese EV maker XPeng said Tuesday that it narrowed its losses as revenue more than doubled in the second quarter. XPeng said it lost 477.8 million renminbi ($66.7 million), vs. 1.28 billion renminbi in the year-earlier quarter, as revenue doubled to 18.27 billion renminbi ($2.56 billion) from 8.11 billion renminbi.

Chinese electric-vehicle makers posted strong growth ahead of Tesla’s second-quarter deliveries.

Chinese electric vehicle manufacturer Xpeng (NYSE:XPEV) is developing advanced chips for Volkswagen (ETR:VOWG_p) cars, according to the Financial Times on Thursday.

Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations.

Chinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering more than 30,000 vehicles for the sixth consecutive month.

XPeng projected revenue to more than double in the first quarter after reporting robust fourth-quarter results.

Shares of Chinese electric-vehicle maker XPeng traded wildly on Monday after company Chairman He Xiaopeng said humanoid robots and flying cars were just around the corner.

China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers said on Monday.

Self-driving taxis won’t be a significant business for at least five years, Xpeng Vice Chairman and Co-President Brian Gu said Thursday.

Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company’s CEO.

Another month, another record for Chinese battery electric vehicle sales.

Deliveries at Chinese battery electric vehicle makers Li Auto , XPeng , and NIO set a record in November.

NIO reported deliveries of 16,074 vehicles in October, up from 10,059 units delivered in October 2022. In September, NIO delivered 15,461 units

Chinese electric-vehicle delivery numbers were released just as September begins. They are key for many EV makers, including leaders Tesla +0.46% and BYD 1211 +0.41% . They are also key for investors who want to see strong demand.

Chinese electric car company Xpeng said Monday it is buying Didi’s smart electric car development business in an exchange of shares worth $744 million.

Chinese EV maker Xpeng expects cost cuts and its Volkswagen partnership to boost the firm’s bottom line, its co-president told CNBC on Monday.

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker’s shares down more than 7% in premarket U.S. trade.

Early results for Chinese electric-vehicle deliveries have been released. They were excellent. That’s a positive for Tesla , BYD , and other auto makers selling battery-powered vehicles in the world’s largest new car market.